Icahn and I will force a Xerox and HP wedding: Corporate raider urges HP shareholders to tell board to act 'NOW'

Icahn and I will force a Xerox and HP wedding: Corporate raider urges HP shareholders to tell board to act 'NOW'

4 years ago
Anonymous $4bURcB5AtU

https://www.theregister.co.uk/2019/12/05/icahn_and_i_will_force_a_xerox_and_hp_wedding_corproate_raider_urges_hp_shareholders_to_tell_the_board_to_act_now/

Corporate raider Carl Icahn isn't quietly accepting HP's rejection of Xerox's hostile $33.5bn takeover bid - he has accused the board of using delay tactics to keep their jobs and warning it can be done in a nice or not-so-nice way.

HP and Xerox began private talks in the summer and Xerox's offer was made public in early November. The PC and printer slinger spurned Xerox's advances, saying price tag of $17bn in cash and 0.137 XRX shares for each HP share undervalued the business. HP's board also said it believed in its own company strategy and didn't need Xerox.

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