HP rejected Xerox’s $US33.5 billion bid ahead of a Monday deadline to accept a merger or face a hostile takeover bid, setting up the possibility of a proxy war between the two tech companies. Xerox had offered to buy HP for $US22 a share. HP rejected that offer last week, […]
Xerox threatened to approach HP shareholders with a $US33.5 billion buyout bid if the company doesn’t rethink its rejection of the offer. The printer company was “very surprised” to hear of the rejection and is “determined to expeditiously pursue” the buyout, Xerox CEO John Visentin wrote in a letter to […]
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 […]
Aphria on Wednesday said it has rejected Green Growth Brands’ hostile-takeover bid. Green Growth Brands late last month said it filed an offer to acquire all Aphria outstanding common shares through an all-stock deal that would give Aphria shareholders 1.5714 common shares of Green Growth for each of their shares. […]
