Skip to main content

Xerox is dropping the niceties. It really, really wants to merge with HP, and it has gone hostile.

The copier company said Thursday it will nominate 11 new directors to replace HP’s entire board at HP’s upcoming shareholder meeting.

Xerox has been attempting a takeover for months, and HP has twice rejected Xerox’s bids.

HP said Thursday Xerox’s proposal “significantly undervalues HP and creates meaningful risk to the detriment of HP shareholders.” It has also raised significant concerns about Xerox’s business strategy, noting that its revenue fell nearly 10% in 2019. read the rest here

If you like something I've posted please feel free to click the "like" button!

Original Post

Add Reply

Post
×
×
×
×
Link copied to your clipboard.
×
×