Please ensure Javascript is enabled for purposes ofwebsite accessibility
General Alert
Total Solar Eclipse
Show More
Close Alert

Xerox continues to meet with investors regarding proposed HP takeover


WHAM Photo{ }
WHAM Photo
Facebook Share IconTwitter Share IconEmail Share Icon

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.”

Loading ...