Investing

Activist Takes Stake and Board Seat at H-P (HPQ)

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…

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