Antitrust review latest problem in HP-Compaq merger

Friday, Nov. 16, 2001 | 10:01 a.m.

WASHINGTON -- Hewlett-Packard Co.'s proposed $23.9 billion purchase of Compaq Computer Corp. will undergo further antitrust review, extending the waiting period for the purchase to be completed, Hewlett-Packard said in a regulatory filing.

The Federal Trade Commission asked for additional information from both companies under antitrust regulations, Hewlett-Packard said.

The proposed purchase, announced by Hewlett-Packard on Sept. 3, has been criticized by some Compaq and HP shareholders. Some investors say the acquisition may collapse. Compaq has said it is committed to the purchase.

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