Xerox snubbed again by HP

January 17, 2020

 

Following Xerox’s announcement of securing US$24 billion in financing commitments, HP has once again rejected Xerox’s takeover bid.

 

The rejection was done via a letter from HP chairman Chip Bergh and CEO Enrique Lores to Xerox CEO John Visentin, stating the financing does not “address the key issue that Xerox’s proposal significantly undervalues HP”.

 

HP emphasized that the $24 billion financing is not “basis for discussion”.

 

The letter as follows:

 

Dear John,

We reiterate that the HP Board of Directors’ focus is on driving sustainable long-term value for HP shareholders. 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. The HP Board of Directors remains committed to advancing the best interests of all HP shareholders and to pursuing the most value-creating opportunities.

 

Please reload

Featured Posts

Messe Düsseldorf highlights safety measures

July 9, 2020

1/10
Please reload

Recent Posts
Please reload

Follow Us
  • Facebook Classic
  • Twitter Classic
  • Google Classic
  • Twitter B&W
  • LinkedIn B&W

Asian Print Awards Management Pte Ltd

65 Chulia Street, OCBC Centre 

#46-23, Singapore 049513

Print Innovation Asia | Labels and Packaging Innovation Asia | Asian Packaging Conference | Asian Packaging Excellence Awards | Asian Print Awards

© 2023 by Digital Marketing. Proudly created with Wix.com