HP Board again Rejects Xerox’s $33 Billion Takeover Bid

The following appears on marketwatch.com 

Board says offer still ‘significantly undervalues HP’

HP Inc. again spurned a takeover bid by Xerox Holdings Corp. in a terse letter Wednesday.

“We reiterate that the HP Board of Directors’ focus is on driving sustainable long-term value for HP shareholders,” the letter from CEO Enrique Lores and Chairman Chip Bergh read. “Your letter dated January 6, 2020 regarding financing does not address the key issue — that Xerox’s proposal significantly undervalues HP — and is not a basis for discussion.”

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SOURCE MarketWatch

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