Ohio State Teachers Retirement System, Columbus; Wisconsin State Investment Board, Madison; and Dimensional Fund Advisors support the proposed merger between Hewlett-Packard Co. and Compaq Computer Corp., while the New York State Common Retirement Fund, Albany, will vote against it.
The $50.1 billion Ohio system has 3.5 million shares of HP and 4.3 million shares of Compaq, said Steve Huber, manager-alternative investments.
The Wisconsin fund has 81,000 shares of HP and 140,000 shares of Compaq, said Vicki Hearing, public information officer. All shares are held by external managers, although the board retains the proxy vote, she said.
DFA has 550,000 shares of HP and 475,000 shares of Compaq, said Robert T. Deere, vice president. Virtually all the shares are in an S&P 500 index fund, he said.
The $106 billion Common Fund had 6.9 million shares of HP and 5.9 million shares of Compaq as of Dec. 31, according to a compilation of the funds 13(f) filings from Thomson Financial.
The HP shareholder vote is March 19, and the Compaq vote is March 20.