HP Inc. Announces Termination of Shareholder Rights Plan
June 26 2020 - 4:15PM
The Board of Directors of HP Inc. (NYSE: HPQ) has approved an
amendment to the Company’s shareholder rights plan to accelerate
the expiration date of the plan to June 25, 2020, effectively
terminating the plan as of that date. The limited duration rights
plan was previously set to expire on February 20, 2021.
Chip Bergh, Chair of HP’s Board of Directors, said, “The
shareholder rights plan was, by design, a temporary measure to
protect the long-term interests of our shareholders. In reaching
the decision to terminate the plan at this time, the Board took
into careful consideration a variety of factors including the
appropriateness of maintaining this plan when HP is no longer the
subject of a hostile tender offer and corporate governance best
practices.”
About HP Inc. HP Inc. creates technology
that makes life better for everyone, everywhere. Through our
product and service portfolio of personal systems, printers and 3D
printing solutions, we engineer experiences that amaze. More
information about HP Inc. is available at http://www.hp.com.
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