https://techcrunch.com/2019/11/25/hp-rejects-xerox-again-but-leaves-door-open-for-negotiation/

In a letter released this morning from the HP, Inc. board of directors to Xerox, Corp, the company summarily rejected Xerox’s latest take-over offer, saying it significantly undervalues the company. At the same time, it left the door open for further negotiation.

In the letter, HP made it clear, it is not desperate for a buyer, and maintains it would be just fine without combining with Xerox. In fact, it would appear that it’s Xerox that is looking for a savior, even while attempting a hostile takeover of the company.