Accusations fly as Xerox and HP takeover battle heats up
A year after on-and-off talks the two companies have been unable to avoid a confrontation
03 March 2020 - 09:56
New York — US printer maker Xerox took its $35bn bid for HP to the US personal computer maker’s shareholders on Monday, with a formal tender offer and a rebuttal to HP’s account of why they could not negotiate a deal.
HP adopted a “poison pill” last month to neutralise Xerox’s tender offer. Unless the companies can reach a compromise, it will be Xerox’s bid to replace HP’s board of directors at the latter’s annual shareholder meeting in the next few weeks, rather than the tender offer, that will determine the outcome of the takeover battle...
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