The Street vehemently disliked the deal from the outset. And two months later, market sentiment for Hewlett-Packard Co.’s (HP) planned $20 billion takeout of Compaq Computer Corp. hasn’t softened. At press time, based on its share price, Compaq was worth 16% less than its $10.94-per-share price in the stock swap, which exchanges each Compaq share for 0.6325 HP shares.
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