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HP Was ‘Opportunistic’ In $2.8B Aruba Buy, Chancery Told, Law360

December 13, 2016

A financial expert for two hedge funds challenging the share price paid in the $2.78 billion sale of Aruba Networks Inc. to Hewlett-Packard Co. last year accused the buyer of "opportunistic" pricing Tuesday, during the opening hours of a three-day Delaware appraisal trial.

Of counsel Karen Pieslak Pohlmann pressed the expert on his views, saying he was comparing the performance of Aruba’s mostly wireless network system products business with an industry sector providing both products and services.

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