HP Says Open to Exploring Bid for Xerox

The following appears on Reuters.com

By Greg Roumeliotis – (Reuters) – HP Inc said on Sunday it was open to exploring a bid for U.S. printer maker Xerox Corp after rebuffing a $33.5 billion cash-and-stock acquisition offer from the latter as “significantly” undervaluing the personal computer maker.

Xerox made the offer for HP, a company more than three times its size, on Nov. 5, after it resolved a dispute with its joint venture partner Fujifilm Holdings Corp that represented billions of dollars in potential liabilities.

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SOURCE Reuters

HP Board Unanimously Rejects Xerox’s Bid to Acquire the Company