HP walkout threat to PwC
Too much money
Posted in Business, 1st November 2000 10:34 GMT
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Hewlett-Packard will walk away from the planned takeover of Price-Waterhouse-Cooper's consultancy business, unless the price is reduced, CEO Carly Fiorina said yesterday.
Initially, the two sides had agreed a price in the $17-18 billion range. But HP's share price has fallen since then, in common with other IT hardware and services stocks. Analysts reckon it now wants to pay $15 billion tops. ®
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