On Sunday HP Inc reiterated its rejection of Xerox Corp $33.5 billion cash-and-stock offer for the company, adding that the proposal significantly undervalues HP.
Last Sunday The personal computer maker said it rebuffed Xerox’s offer, and that it was open to exploring its own bid for the U.S. printer maker. Xerox had offered HP shareholders $22 per share, involving $17 in cash and 0.137 Xerox share for each HP share, according to a Nov. 5 letter.
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