Hp board of directors unanimously rejects unsolicited xerox proposal

Hp board of directors unanimously rejects unsolicited xerox proposal.board of directors has unanimously rejected unsolicited proposal from xerox holdings corporation to acquire company.concluded that xerox proposal significantly undervalues hp and is not in best interests of hp shareholders."we are open to exploring whether there is value to be created for hp shareholders through a potential combination with xerox".have fundamental questions that need to be addressed in our diligence of xerox.believe it is critical to engage in a rigorous analysis of achievable synergies from a potential combination.believe that we can quickly evaluate merits of potential transaction with substantive engagement from xerox management.
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