{"id":546681,"date":"2010-04-28T22:01:54","date_gmt":"2010-04-29T02:01:54","guid":{"rendered":"16094 at http:\/\/www.precentral.net"},"modified":"2010-04-28T22:01:54","modified_gmt":"2010-04-29T02:01:54","slug":"hp-palm-acquisition-here-comes-the-spurious-lawsuit","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/546681","title":{"rendered":"HP Palm acquisition: Here comes the spurious lawsuit"},"content":{"rendered":"<p><img decoding=\"async\" align=\"right\" class=\"lightbox2\" alt=\"\" src=\"http:\/\/www.precentral.net\/sites\/precentral.net\/files\/articleimages\/Dieter%20Bohn\/2010\/04\/thumb_250_keep-calm.png\" \/>Well, if you can&#8217;t chase ambulances, you might as well chase acquisition announcements. Howard G. Smith is a lawyer in Bensalem, PA and he&#8217;s apparently <a href=\"http:\/\/www.howardsmithlaw.com\/TakeoverCases\/Palm.html\">looking to file a case<\/a> against Palm and\/or HP regarding the proposed acquisition.<\/p>\n<p>Smith contends that the proposed price of $5.70 per share undervalues the stock and does a disservice to stockholders, given that the stock has been as high as $13.58 within the past few months. He&#8217;s even going so far as to suggest that Palm &quot;failed to shop the Company to other potential buyers,&quot; which seems patently false given the <a href=\"http:\/\/www.precentral.net\/jon-rubinsteins-company-email-about-acquisition\">hints dropped in Rubinstein&#8217;s letter to Palm employees<\/a>.<\/p>\n<p>We&#8217;re calling lawsuit troll on this one &#8211; but it does raise an interesting point that we haven&#8217;t addressed in our <a href=\"http:\/\/www.precentral.net\/tags\/hp-buys-palm\">flurry of posts about HP buying Palm<\/a>: do you think that $5.70 per share \/ $1.2 billion is a fair price?<\/p>\n<p class=\"rteright\"><em>Thanks to <\/em><a href=\"http:\/\/twitter.com\/5xBEAR\/status\/13041948526\"><em>@5xBEAR for the tip<\/em><\/a><em>!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, if you can&#8217;t chase ambulances, you might as well chase acquisition announcements. Howard G. Smith is a lawyer in Bensalem, PA and he&#8217;s apparently looking to file a case against Palm and\/or HP regarding the proposed acquisition. Smith contends that the proposed price of $5.70 per share undervalues the stock and does a disservice [&hellip;]<\/p>\n","protected":false},"author":667,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-546681","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/667"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=546681"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546681\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=546681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=546681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=546681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}