HP worried about an Oracle takeover after Hurd switched sides

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.

Source: http://www.infoworld.com/d/the-industry-standard/hp-worried-about-oracle-takeover-after-hurd-switched-sides-195875?source=rss_the_industry_standard

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