Mergers, Acquısıtıons

Mergers, Acquısıtıons

HP rejects Xerox's $45.5 billion offer to buy the company

HP rejects Xerox's $45.5 billion offer to buy the company

17.11.2019

HP rejects Xerox's $45.5 billion offer to buy the company

PALO ALTO (REUTERS) - HP Inc said on Sunday (Nov 17) it had rejected an offer from printer maker Xerox Corp to buy the company, saying the US$33.5 billion cash-and-stock proposal 'significantly undervalues' the personal computer maker.. Read more at straitstimes.com.

"(The board) has unanimously concluded that it (offer) significantly undervalues HP and is not in the best interests of HP shareholders", the company said.

Xerox made the US$33.5 billion cash-and-stock offer earlier in November, HP said on Sunday, citing a letter received from Xerox on Nov 5.

Xerox had offered HP shareholders US$22 per share that included US$17 in cash and 0.137 Xerox shares for each HP share, according to the Nov 5 letter.

Read more: The Straits Times

HP rejects Xerox's US$33.5 billion offer to buy the companyHP Inc said on Sunday it had rejected an offer from printer maker Xerox Corp to buy the personal computer maker.

HP rejects Xerox's US$33.5 billion offer to buy the companyHP Inc said on Sunday it had rejected an offer from printer maker Xerox Corp to buy the personal computer maker.

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