This follows media reports in early November that the board of directors of Xerox, based in Norwalk, Connecticut, was discussing plans to buy HP in the form of cash shares.
This deal is obviously a
HP later confirmed that it had received an offer from Xerox for the company.
After more than 10 days of discussion,On November 17, HP's board of directors said on Sunday that they unanimously rejected Xerox's offer to acquire the company because it was not in the best interests of shareholders and would undervalue HP.
In a letter to John Visentin, Xerox's chief executive, the board wrote:Including the potential impact of the huge debt level on the company's shares after the merger.
And the board also noted that since June 2018,Xerox's revenue fell from $10.2 billion to $9.2 billion (12 months in a row), raising questions about the future of Xerox。
It is believed that Carl, a radical investor in Xerox and HP, is believed to be both Xerox and HP.