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Xerox wants to replace HP board that rejected takeover bid

Xerox wants to replace HP board that rejected takeover bid

4 years ago
Anonymous $yQ5BfQaAxy

https://techcrunch.com/2020/01/23/xerox-wants-to-replace-hp-board-that-rejected-takeover-bid/

In Xerox’s latest effort to get HP to bend to its will and combine the two companies, it announced its intent today to try to replace the entire HP board of directors at the company’s stockholder’s meeting in April. That would be the same board that unanimously rejected Xerox’s takeover bid.

Xerox and HP have been playing a highly public game of tit for tat in recent months. Xerox wants very much to combine with HP, and offered $34 billion, an offer HP summarily rejected at the end of last year. Xerox threatened to take it to shareholders.