Norwalk, C.T. (WHAM) – Barron’s is reporting that Xerox is continuing to meet with investors regarding their proposed takeover of HP Inc.
On December 25, HP opened a one-month window for shareholders to make board nominations.
Evercore analyst Amit Daryanani believes Xerox or Carl Icahn will nominate a full slate of HP directors as they try to force HP management to reconsider the Xerox acquisition bid.
Just weeks ago, a shareholder of Xerox Holdings Corp. sued Carl Icahn alleging that he bought $1.2 billion worth of HP shares with the knowledge that the printer maker was considering buying the stock at a premium.
The board of HP unanimously rejected the proposed takeover bid from Xerox stating that there were “fundamental questions.”