HP representatives said offers were genuinely belittling the real value of the company.
According to reliable sources, HP has again rejected Xerox’s takeover bid. HP representatives said potential buyers were “seriously underestimating” the real value of the company.
On Monday, Xerox said it had received $24 billion in funding from Bank of America. In fact, the proposed amount was $ 33 billion. However, in a letter that was addressed to xerox CEO on Wednesday, HP made it clear that “the proposed amount isn’t a basis for discussion.”
HP’s personal computers and other equipment manufacturer has repeatedly rejected Xerox’s takeover proposals, claiming that its restructuring plan will provide shareholders with great value. Activist investor Carl Icahn owns approximately 10.6% of Xerox shares, as well as 4.24% of HP shares. He is one of the advocates of takeover.
