Xerox courts HP shareholders as takeover battle heats up

The charm offensive comes after Xerox raised its cash-and-stock bid for HP last week by $2 to $24 per share ahead of a tender offer it plans to launch in early March. It is also asking HP shareholders to replace HP’s board directors with Xerox’s nominees at the company’s annual shareholder meeting later this year. It told investors last week it wants them to have “full information” on the company before responding publicly to Xerox. …read more

Source:: Yahoo Finance

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