YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

HP board rejects Xerox buyout offer

Posted online

The HP Board of Directors voted unanimously to reject a buyout offer from Xerox.

Xerox had offered $22 per share, with the bid comprising 77% cash and 23% stock.

“In reaching this determination, the board also considered the highly conditional and uncertain nature of the proposal, including the potential impact of outsized debt levels on the combined company’s stock,” board members wrote in a letter to John Visentin, Xerox’s CEO.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
MSU welcomes 12th president

Richard Williams ‘a builder,’ former colleagues say.

Most Read
Update cookies preferences