January 09 - 10:01
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Xerox $33 billion offer for HP a 'significant undervalution' - HP CEO
HP has responded to Xerox's latest attempt to buy the company, saying its $33 billion proposal falls well short of its valuation. "Your letter dated January 6, 2020 regarding financing does not address the key issue – that Xerox's proposal significantly undervalues HP – and is not a basis for discussion," HP CEO Enrique Lores and Board Chair Chip Bergh said in the letter addressed to Visentin.
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