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Stock impact report

Activist seeks CEO change at Hewlett Packard Enterprise [Yahoo! Finance]

HP Inc. (HPQ) 
Last hp inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: h30261.www3.hp.com
Company Research Source: Yahoo! Finance
2018, following a proposal from activist investor Elliott Management to do that, according to people close to the company. Elliott has a $1.5 billion stake in HPE and wrote in a letter to HPE's board earlier this week that it would push for Neri's replacement, some of the people said. If Elliott has its own candidate in mind, it didn't share them with HPE's board. The size of its stake was previously reported by Bloomberg. Elliott declined to comment. “HPE maintains an ongoing dialogue with our shareholders on a range of issues and values their constructive input,” an HPE spokesperson said. “The board and management regularly assess the strategic direction of the company with a focus on driving long-term shareholder value. Neri is in the middle of the highest-stakes move of his career: Steering a $14 billion acquisition of Juniper Networks past antitrust regulators seeking to block it. Both companies seemed blindsided by the Justice Department's lawsuit, and have sought to refra Show less Read more
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