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HP Rejects Xerox Takeover Bid

November 17, 2019

HP formally turned down the $33 billion acquisition offer, but leaves the door open for further negotiations

HP turned down cold the Xerox takeover bid. The company’s board unanimously rejected the $33 billion offer, citing concerns over the viability of the Xerox business and the ability of the combined company to service the debt required to pull off the deal.