What Made HP Dismiss Xerox's Hostile Takeover Bid Again?

Art PostAdmin VIP

HP Inc. HPQ rejected another hostile take-over bid from Xerox XRX recently, arguing the offer undervalued the personal system (PC) maker. In a Mar 5 SEC filing, HP revealed that its board of directors has unanimously declined Xerox’s $24 a share cash-and-stock offer.

Per the SEC filing, Xerox had commenced an unsolicited exchange offer for HP’s all outstanding shares on Mar 2. Per the offer, HP shareholders would have got $18.40 per share in cash and 0.149 Xerox shares for each stock of the personal system maker.

This was Xerox’s second attempt to acquire HP in less than six months’ time. Earlier last November, it had put forward a $22 a share cash-and-stock offer on HP board’s table. However, HP had rejected the offer at that time too stating similar reasons. read the rest here

3/10/207:26 PM

Original Post

<ul id="{%=id%}ButtonGroup" class="button-group h-popup-buttons even-button-group even-1">
    <li id="{%=id%}Okay_buttonContainer"><a id="{%=id%}Okay" href="javascript:void(0);" class="button success no-margin-bottom h-alert-modal-ok-button" role="button">OK</a><script type="text/javascript">
        (function() {
            function {%=id%}Okay_click(event, data) {
            {%=id%}Popup.hide();
        }
        
                $('#{%=id%}Okay').on('click', {%=id%}Okay_click);
        })();
    </script></li></ul><a href="javascript:void(0);" class="close-reveal-modal" aria-label="Close Modal">&#215;</a><div class="last-modal-focus focus-utility-element" tabindex="0"></div>
</div>
<script type="text/javascript">
        (function() {
            {%=id%}Popup = new SS.Popup.ModalPopup('{%=id%}');
        })();
    </script>

Skip to main content

Membership Required

Remove From Your Block List

Manage Follow Preferences

Block

Premium Membership Required

VIP/Premium Membership

Please wait...