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Fri, 03/22/2002 - 13:00 | by Wesley Furgiuele
March 22, 2002
Domini Votes Against HP – Compaq Merger
Over the past several days we have received requests from concerned shareholders for information about ourHewlett Packard – Compaq merger vote. After a careful reevaluation of the various issues involved, Dom ini Social Investments reversed its prior position, and voted against this merger.
This was an extremely difficult decision to make. Both Hewlett Packard and Compaq pass our social and environmental screens and are included in the Domini Socia l Equity Fund's portfolio. Although aspects of the deal impressed us, in the end we decided that the merger was problematic for both financial and social reasons.
In general, we approach mergers with caution, as they are often made at the expense of employees, communities and shareholders. In this case, we did not find financial reasons substantial enough to overcome these social concerns.
We greatly value input from our shareholders. If you have any further questions, please send us an email or call us at 1-800-582-6757.