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HP rejects takeover bid from Xerox

HP Inc. has again rejected an unsolicited takeover bid from Xerox. HP's board of directos released a letter to Xerox’s vice chairman and CEO John Visentin:

"We reiterate that the HP Board of Directors’ focus is on driving sustainable long-term value for HP shareholders. Your letter dated January 6, 2020 regarding financing does not address the key issue – that Xerox’s proposal significantly undervalues HP – and is not a basis for discussion. The HP Board of Directors remains committed to advancing the best interests of all HP shareholders and to pursuing the most value-creating opportunities."



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