Markets

HP board unanimously rejects Xerox’s takeover bid

HP’s board of directors unanimously rejected Xerox’s takeover offer in a Sunday letter, saying the bid “significantly undervalues HP” and isn’t in shareholders’ best interests. HP said it remains open to future transactions, but would first need to explore “achievable synergies” between the firms. Xerox shares fell as much as […]
HP board unanimously rejects Xerox’s takeover bid
Markets

Xerox is reportedly mulling a blockbuster takeover of HP

Xerox is considering a takeover bid for computer company HP, the Wall Street Journal reported Tuesday evening. HP shares spiked as much as 8% on the news. Xerox’s board discussed the option Tuesday. HP is more than three times Xerox’s size, and an offer would ring in at a premium […]
Xerox is reportedly mulling a blockbuster takeover of HP