HP rejects $33.5 billion takeover bid by Xerox

HP Inc. says its board has rejected a roughly $ 33.5 billion takeover offer from Xerox. The Palo Alto, California-based company said Sunday that the cash and stock deal undervalues its business and its board cited concerns about “outsized” debt levels should the companies combine. HP, which makes computers and printers, said it recognizes the potential…
Business | New York Post

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