The following appears on Forbes.com
By Sergei Klebnikov – Topline: After months of increasingly strained—and officially hostile—merger negotiations between the two printing companies, Xerox said on Friday that it would continue to pursue its acquisition of HP, despite the latter implementing a poison pill shareholder rights plan to shield against another takeover attempt.
- On Thursday, HP adopted a shareholder rights plan to slow Xerox’s hostile takeover bid, criticizing the printer maker for its “aggressive and rushed tactics” ahead of a proxy battle later this year where Xerox is trying to replace the entire HP board.
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SOURCE Forbes
