H-P (HPQ) might be able to cancel its PC spinoff should Leo Apotheker get the axe, but it's...

|About: HP Inc. (HPQ)|By:, SA News Editor

H-P (HPQ) might be able to cancel its PC spinoff should Leo Apotheker get the axe, but it's unlikely the same holds for its $10B acquisition of Autonomy, according to Toni Sacconaghi. Since H-P is paying for Autonomy in cash, the deal doesn't require shareholder approval, and most such deals can only be canceled in the event of adverse business changes.