HP executes huge structured buyback with BNP Paribas
California-based computing giant Hewlett-Packard (HP) has entered into a ground-breaking $1.7 billion structured equity transaction with BNP Paribas to hedge the stock price dilution associated with its stock-based employee compensation programmes.
"We were trying to do something unique with the trade, which was executed around the start of the year," says Ken Frier, HP's assistant treasurer. "We
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