HP in new discussions with Xerox on possible merger terms

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Dubbing a $35 billion merger proposal by Xerox as “flawed” and “irresponsible,” HP confirmed it has reached out to its rival about terms for a possible combination, even as HP pledges to buy back an additional $10 billion in stock from investors in an effort to boost the value of its shares.

Norwalk-based Xerox confirmed last autumn it had reached out to Palo Alto, Calif.-based HP on a merger. But HP’s board rejected the proposal, and Xerox vowed ever since to win over investors directly in a hostile takeover. Xerox has not specified whether it would manage any combined company from a single headquarters or dual corporate hubs. more here

2/26/209:40 PM

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