Hostile takeover offer by Xerox ‘meaningfully undervalues’ HP
HP says Xerox’s ‘urgency’ in launching the offer shows its ‘desperation to acquire HP to address its continued business decline’
05 March 2020 - 17:51
London — HP says it has rejected an unsolicited takeover offer from Xerox and has asked shareholders not to tender their shares.
The offer “meaningfully undervalues HP and disproportionately benefits Xerox shareholders,” the company said in a statement on Thursday. Xerox’s “urgency” in launching the offer shows its “desperation to acquire HP to address its continued business decline.”..
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