11 March 2020
Xerox Tries To Take Over HP's Board of Directors
Board has rejected Xerox's offer twice
Board has rejected Xerox's offer twice
Xerox Holdings has announced that it is filing a preliminary proxy statement with the US Securities and Exchange Commission (SEC) in support of its slate of independent candidates to replace the board of directors of HP Inc at HP’s 2020 Annual Meeting of Stockholders. Xerox’s slate now comprises 12 director candidates. The latest salvo in Xerox’s ongoing bid for its larger rival.
Offer will put Xerox $24 billion in debt
Offer will put Xerox $24 billion in debt
Xerox went public in November with a $33.5 billion bid for HP. HP says the offer undervalues its company and reiterated its rejection of Xerox’s offer on Thursday. The fight will determine the future of two of the printing industries largest digital equipment suppliers.  HP has a key research site in Vancouver.
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