HP ends “poison pill”

- Since threat of takeover by Xerox is now over, the HP board of directors approved an amendment to its “shareholders’ rights plan” to accelerate the expiration date of the plan
- The plan was designed to prevent a company from amassing more than a 20% stake inHP
- HP’s chairman stated; “if Xerox’s takeover of HP had gone through, the new combined company would be bankrupt by now”