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Days before H-P (HPQ) closed its $11B acquisition of Autonomy, H-P executives reportedly heard...

Days before H-P (HPQ) closed its $11B acquisition of Autonomy, H-P executives reportedly heard about an allegation of improper accounting at the U.K. software firm, although the accusation had been found to be groundless a year earlier and the execs didn't pass the information to the board or CEO. And days after H-P announced the deal, Chairman Ray Lane wondered whether the company could back out, the answer to which was no.
Comments (1)
  • ijshearer
    , contributor
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    I wonder what information came to light immediately after closing the deal that caused Ray Lane to want to back out? That is presuming that new information came to light and the information was not there at closing. If it was, its staggering incompetence. In fact its staggering incompetence either way!
    22 Jan 2013, 04:52 AM Reply Like
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