Xerox Considers Hostile Takeover Of HP

The board of directors at HP is telling Xerox to get lost.

Xerox gave the HP board until today to move ahead with a friendly merger, but HP says the offer is "opportunistic" and a deal doesn't make sense.

Xerox says it will make its case for a hostile takeover bid directly to the HP shareholders.

Xerox had offered to buy HP for $22 a share.


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