November 21 - 15:11
226D
Xerox threatens hostile HP takeover
The Xerox and HP merger story rumbles on. Xerox has now written to HP, threatening to go directly to its shareholders and force through an acquisition. HP rejected Xerox's formal approach for a $33.5 billion takeover at the beginning of the week. "Xerox will take its compelling case to create superior value for our respective shareholders directly to your shareholders," the letter read.
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