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Xerox to nominate 11 directors to HP’s board as part of takeover attempt

Xerox to nominate 11 directors to HP’s board as part of takeover attempt

4 years ago
Anonymous $yQ5BfQaAxy

https://www.mercurynews.com/2020/01/23/xerox-to-nominate-11-directors-to-hps-board-as-part-of-takeover-attempt/

Xerox on Thursday fired its latest shot in its battle to acquire HP as the printing and imaging technology giant released a list of 11 proposed HP board directors it will nominate at the Palo Alto company’s next annual meeting of stockholders.

The announcement of Xerox’s slate of directors comes after the company said in November it would go directly to HP’s shareholders if HP refused to negotiate and consider Xerox’s acquistion offer, which values HP $33.5 billion. HP has so far turned down Xerox, largely on the grounds that it believes the offer undervalues HP.