CNBC has broken news that Ralph Wentworth of Relational Investors has taken a 1% stake in Hewlett-Packard Co. (NYSE: HPQ) and more importantly that he has been given a seat on the board of directors. H-P shares closed down 2.3% at $27.29 and the stock is back up around $27.60 in the after-hours session. Another activist gets a victory…
Activist Takes Stake and Board Seat at H-P (HPQ)
By
Jon C. Ogg
Published
About the Author
Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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