Xerox will bid for a shareholder acquisition of HP

Xerox will bid for a shareholder acquisition of HP

Xerox’s desire to acquire HP’s business has gradually become a conflict between the two companies. We have already informed you that HP has rejected Xerox’s offer, but remains open to negotiations.

This rejection naturally led to escalating tensions, as Xerox threatened with HP that if they did not consider the offer, they would seek shareholder support. It looks like this will be the next step for the company to try to leak a board of directors to HP and take the job directly to tech giant investors.

Xerox boss Johnonne Vicente issued an open letter criticizing HP’s decision to reject the “generous offer” for acquisition, TechRadar reported. From his words, we understand that the company is fully prepared to finance the deal, whose financial parameters are expected to reach $ 33.5 billion. The reason is that the market capitalization of Xerox is three times smaller than that of HP.

Oneness responded to the HP attacks and added that his company plans to start negotiations directly with shareholders. In this way, Xerox believes they will find the support they need to get the HP board of directors to accept the proposal.

The Xerox boss described their offer as an “attractive opportunity” that HP could not miss. We are looking forward to dynamic events and the relationship between the two companies will continue to be strained.

Xerox will bid for a shareholder acquisition of HP