The spread between the price of
continued to widen Wednesday after some major shareholders came out against the companies' union.
In premarket trading on Instinet, shares of Hewlett-Packard were recently gaining 39 cents, or 2%, to $20.20, while shares of Compaq were falling 60 cents, or 7%, to $7.90.
The divergence could reflect investor skepticism that the deal will be consummated. That prospect was supported Tuesday when various family members of Hewlett-Packard's founders said they'd vote against the merger. The members are said to control about 5% of the company's outstanding shares.