https://www.siliconvalley.com/2019/11/26/xerox-hp-defies-logic-by-rejecting-33-5-billion-buyout-offer/

Xerox said Tuesday that it is ready to put on the gloves and get in the ring with HP in order to secure its proposed $33.5 billion offer to acquire the longtime Silicon Valley computer and technology leader.

In a letter sent to HP Chief Executive Enrique Lores and Chairman Chip Bergh, Xerox Chief Executive John Visentin said his company intends to “engage directly with HP shareholders”–which is another way of saying it will launch a proxy fight–in order to get enough support to cause the HP board of directors to consider Xerox’s unsolicited acquisition offer. Xerox’s latest letter comes less than two days after HP rejected Xerox’s buyout efforts for a second time.