$10B HP-Autonomy Deal Leaves Plaintiffs Few Options

Law360, New York (September 7, 2011, 5:52 PM EDT) -- Investors upset over Hewlett-Packard Co.'s $10.3 billion bid for Autonomy Corp. PLC may have few legal options, experts say, with the targeted U.K.-based software darling likely shielded from the kind of shareholder challenges that are commonplace in the U.S.

On Aug. 18, HP said that it would pay ₤25.50 ($42.11) per share for Autonomy — a 64 percent premium to the target's share price in London from the previous day and a 50 percent boost over its three-month average — in a bid to transform itself...
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