Xerox to keep pursuing HP despite poison pill plan

Xerox to keep pursuing HP despite poison pill plan

4 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/02/21/xerox-to-keep-pursuing-hp-despite-poison-pill-plan/

Xerox said Friday that it intends to push ahead with its efforts to acquire HP despite the Palo Alto-based company adopting a shareholders rights plan meant to stymie Xerox’s unsolicited buyout attempt.

Xerox’s comments are the latest in what has been a three-month-long effort by the printing and imaging company to acquire HP.  Xerox’s current offer values HP at $24 a share, or $34 billion in cash and Xerox stock.