Xerox makes hostile buyout bid for HP | Editorji
  1. home
  2. > tech
  3. > Xerox makes hostile buyout bid for HP
prev icon/Assets/images/svg/play_white.svgnext button of playermute button of playermaximize icon
mute icontap to unmute
video play icon
00:00/00:00
prev iconplay paus iconnext iconmute iconmaximize icon
close_white icon

Xerox makes hostile buyout bid for HP

Nov 28, 2019 19:16 IST

Xerox has threatened HP of a hostile takeover by taking its $33.5 billion offer directly to its rival's shareholders. In an open letter to HP, Xerox CEO John Visentin, said that the company’s refusal of engagement 'defies logic'. Earlier, HP’s board rejected a second bid and accused Mr Visentin of significantly undervaluing the company. With shrinking market, Xerox aims to merge with HP to 'create an industry leader.'

Tech