Hp adopts limited duration shareholder rights plan

Hp adopts limited duration shareholder rights plan.hp inc - declared a dividend distribution of one preferred share purchase right on each outstanding share of hp common stock..hp inc - sets trigger at 20%.hp inc - rights plan will not prevent a combination of hp with another business.hp inc - rights plan "should encourage" xerox to negotiate with board.hp inc - each right will entitle its holder to purchase for $100, a number of hp common shares having a market value of twice such price.hp - at any time after person/group acquires 20% or more of common stock, board may exchange one share of co's common stock for each outstanding right.hp inc - rights will expire on february 20, 2021..
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