“The Xerox offer would leave our shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and which would subsequently require unrealistic, unachievable synergies that would jeopardize the entire company,” Chip Bergh, chair of HP’s board, said on Thursday. Xerox did not immediately respond to a request for comment. HP has requested its shareholders to reject Xerox’s tender offer to acquire all its outstanding shares, which was launched by Xerox earlier this week. …read more
Source:: Yahoo Finance
