HP may raise cash offer in PwC deal
The fall in Hewlett Packard's share price could result in the computer giant increasing the cash component of its offer for PricewaterhouseCooper's consulting wing.
Since the two parties have been in talks, HP’s share price has dropped from $120 to as low as $85 on the New York Stock Exchange last week.
A report in this morning’s Financial Times suggested that the fall may mean the cash component of the deal – originally planned to make up half of the multibillion dollar cash and stock offer – would have to be raised to maintain the headline size of the transaction.
HP and PwC representatives in the US were unavailable for comment.