Whitworth's Relational Investors Boosts HP (HPQ) Stake By 80%

Article Stock Quotes (1) Comments (0)

In an SEC filing after the close Wednesday, Ralph Whitworth's Relational Investors disclosed buying 13,148,735 shares of HP (NYSE: HPQ) stock from 05/25-05/30 at prices from $22.02-$22.71.

The latest purchases brings Relational's stake to 29,483,252 shares, or approximately 1.5% of the total shares outstanding.

Whitworth is an HP board member. The activist investor was added to the board in Nov. 2011.

HP recently announced another massive round of 27,000 layoffs as it tries to right the ship after year after year of underperformance and declining profits.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• HP (HPQ) Names Murrin Treasurer after McMullen Retires
• Top 10 News Items for 05/20 to 05/24: A True Fed Tapering?, Japan's Nikkei Blasted, Dimons are Forever
• HP Names Jim Murrin Treasurer

Create E-mail Alert Related Categories

Hedge Funds, Hot Hedge Fund News, Hot Insider Trades, Insider Trades

Related Entities

Relational Investors LLC, Ralph V. Whitworth

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?