https://wccftech.com/xerox-hp-bid-shareholders-executive/

Xerox Holding Corporation's (NYSE:XRX) takeover bid for personal computer and office equipment manufacturer HP Inc (NYSE:HPQ) has taken a new turn today after the former filed a proxy statement with the Securities and Exchange Commission today to support its team of candidates that the company hopes will replace HP's existing board of directors. The move comes following HP's decision to add an additional director to its slate, as Xerox has now extended its list to match HP's. The new addition is the former chief executive officer and chairman of Alliant Energy Corporation Mr. Errol B. Davis, Jr - an executive with experience in mergers and acquisitions.

As we enter March's second week, the takeover battle between Xerox and HP will soon have completed more than half a year, as both companies have repeatedly gone back and forth with proposals, rejections and counterproposals. The Norwalk, Connecticut-based corporation whose name became synonymous with office printing at one time believes that HP Inc's management is ignoring a serious potential for synergy and cost savings through a merger.