An EDS shareholder is taking legal action to prevent Hewlett Packard's acquisition of EDS for £7bn.
Shareholder Joseph Villari is suing EDS in a Delaware court to force the outsourcer to auction itself off instead, to try to get a higher price.
HP plans to create a new outsourcing business unit with EDS, which will be led by current EDS CEO Ron Rittenmeyer. He will report directly to HP CEO Mark Hurd.
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EDS staff face a 5% cut to their salaries as the IT services firm's owner, Hewlett-Packard, attempts to cut costs.
An employee at EDS,...