HP rejects Xerox buyout offer
November 18, 2019
HP has been receiving buyout offers as of late, but it’s not ready to lose its independence — at least, not yet. The tech pioneer has rejected a Xerox proposal to buy the company for $22 per share, arguing that the current offer “undervalues” HP and isn’t in shareholders’ “best interests.” It also cast doubt on Xerox’s ability to pull off the deal in the first place, noting…