HP Board Of Directors Reject Xerox Takeover Offer

The board of directors at HP has turned down a takeover offer from Xerox. Xerox reportedly offered $22 a share in cash and stock.

In a letter to the Xerox CEO, the HP board says the offer undervalues HP.

But the board says it recognizes the potential of a merger, and would consider a merger if fundamental questions are addressed.


Sponsored Content

Sponsored Content