Hp rejects unsolicited exchange offer from xerox

Hp rejects unsolicited exchange offer from xerox.hp inc - board believes xerox offer "meaningfully undervalues hp and disproportionately benefits xerox shareholders".hp inc - hp board unanimously recommends that hp shareholders reject offer and not tender their hp shares pursuant to offer.hp inc says hp board believes that hp's standalone plan has positioned hp for "significant value creation".hp inc - hp believes that xerox's "synergy" estimates, including cost cuts, exceed reasonably achievable levels.hp inc says xerox offer includes significant equity component, value of which hp board believes would be subject to significant risks, uncertainties.hp - board got inadequacy opinion from goldman sachs & guggenheim securities that as of march 3 xerox offer was inadequate from financial point of view.hp inc says hp believes that xerox's cost-cutting has come at "expense of long-term value creation".
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