November 24, 2019 / 10:44 PM / 16 days ago

HP reiterates its rejection of Xerox's offer to buy the company

Nov 24 (Reuters) - HP Inc reiterated on Sunday its rejection of Xerox Holdings Corp’s $33.5 billion cash-and-stock offer for the company, adding that the proposal “significantly undervalues HP.”

“We reiterate that we reject Xerox’s proposal as it significantly undervalues HP,” the company said in a letter to Xerox.

Reporting by Rama Venkat in Bengaluru; Editing by Peter Cooney

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