Xerox says it’s going hostile with HP buyout bid

Xerox says it’s going hostile with HP buyout bid

After HP’s board of directors again rejected a takeover bid from Xerox last weekend, Xerox is preparing to make its $33.5B buyout bid hostile by going directly to HP’s shareholders, in the hopes that they could pressure the board. HP on Sunday rejected Xerox’s $22 per share offer that consists of $17 in cash and 0.137 Xerox share for each HP share, saying the offer ’significantly undervalues HP’.

Tom A
Tom A
Top in Business
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