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May
17
2010
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While that was going on, on April 24th Jon Rubinstein and his advisors directly told HP that its offer wasn't competitive and that it had to "significantly and immediately" improve its offer in order to remain in the game. HP responded by raising its offer to $5.70 per share (the winning bid) later that day, and Jon Rubinstein told Company C that he had a better offer on April 25th.
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