Tech company says printer maker’s offer significantly undervalues it. FMTNews HP
NEW YORK: HP Inc said on Wednesday that Xerox Holdings Corp securing financing for its US$33.5 billion takeover offer for the personal computer maker is not a basis for a discussion and reiterated that the proposal still undervalues the company.
“Your letter dated Jan 6, 2020 regarding financing does not address the key issue – that Xerox’s proposal significantly undervalues HP – and is not a basis for discussion,” the company said in a letter to Xerox on Wednesday.
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