Hewlett-Packard voiced concerns about Oracle attempting a hostile takeover after it hired former HP CEO Mark Hurd as co-president, Oracle`s lead counsel told a judge on Monday. HP sued Hurd shortly after he went to Oracle in September 2010, and the two companies quickly tried to settle the dispute. One of HP`s core demands was a "standstill" agreement blocking takeover bids by Oracle for a period of time, said Dorian Daley, Oracle`s senior vice president, general counsel and secretary, a key player in the negotiations with HP. But Daley dismissed HP`s worries.
HP worried about an Oracle takeover after Hurd switched sides
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Asha 337 days ago
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