March 05 - 16:03
HP rejects raised Xerox takeover bid
HP has once again rejected a takeover bid from Xerox - this time a raised bid of around $35 billion. HP has said that the offer still undervalued the company. Xerox raised its bid to $24 per share, following previous rejections. HP has said it would implement a poison pill plan to stop investors from amassing more than a 20% stake in the company.
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