Xerox prepares to take HP buyout bid hostile

“We plan to engage directly with HP shareholders to solicit their support in urging the HP Board to do the right thing and pursue this compelling opportunity,” Xerox said in a letter to HP’s board. Last week, Xerox threatened to take its bid hostile, if HP did not agree to a “friendly” discussion and open its books before Monday. Xerox made the offer to HP, a company more than three times its size, on Nov. 5. …read more

Source:: Yahoo Finance

      

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