Hewlett Packard (HP) has been forced to hire a proxy solicitation firm to help out with a potentially difficult shareholders meeting where investors will vote on the proposed HP/Compaq merger.
The announcement comes less than a week after David Packard, the only son of HP co-founder Dave Packard, joined Walter Hewlett in the Hewlett family's decision to oppose the deal.
The company confirmed that it had hired Innisfree M&A to act as a proxy for the investors meeting due to be held at the beginning of next year.
The move may suggest that HP is preparing for trouble over who retains control of the company should the merger with Compaq go ahead.
David Packard and Walter Hewlett said they would vote their shares, totalling about seven per cent, against the deal.
But the decision yet to be made by the David and Lucille Packard Foundation, controlled by three Packard sisters who hold a 10 per cent stake, could make a difference. The Foundation has confirmed that it will make a decision by January 2002.
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