HP's $3bn Aruba buy ‘significantly undervalues’ wireless operator

Hewlett-Packard’s proposed $3 billion purchase of wireless mobile specialist Aruba Networks is facing a legal hurdle. A case has been filed in a US court against HP, Aruba, its management and board members claiming HP’s price drastically undervalues the firm. The case (5:15-cv-01502) claims the proposed deal is unfair, …

[Gordon 10]

Hmmm

Since Aruba has shot up 33% (from 18 to 24) since the deal was announced I suspect he wont have a leg to stand on the price argument.

Not a legal beagle but would have thought his best bet maybe on the unfair restrictions, although I have a hunch they are probably fairly standard where the buyer thinks they can get away with it.

[Steve Davies 3]

HP can't take the Sauce....

Firstly they get sued for not doing Due diligence on a purchase that they clearly paid over the odds for.

Now they get sued for buying another company on the cheap.

Perhaps the need to change their lawyers & auditors?

[Alistair]

HP can't Sauce the take?

Perhaps they need to audit their lawyers?

(Lawyers make me grumpy old bastard)

[Anonymous Coward]

Underpay, That's Unpossible

Paying under the value for a company, I do not thing that is 'The HP Way'. They seem to be more keen on massively overpaying, then the company imploding after becoming a subsidiary, with at least a few being total write offs.

[Anonymous Coward]

More board level self interest?

Interesting case with some key issues that need resolving if proven to be facts.

1. Too many HPer's on the Aruba Board with self interest as a key motivator

2. Regardless of the 33% increase in stock price since the deal was announced the numbers still don't match independent Wall Street Analysts valuations. Which suggests a steal or something more sinister.....

For the author of the article though, check grammar in the third to last paragraph. Poor writing or just excited at "scooping" this story?