WXXI AM News

Xerox fires back at HP over proposed merger deal

Nov 26, 2019

A couple of days after HP reiterated its rejection of a takeover offer from Xerox, officials at Xerox have fired off a letter to officials at HP saying they plan to take their case directly to HP shareholders.

That confirms a move Xerox said last week it would make if HP didn’t release certain company information as part of a possible merger deal.

In a letter to HP released on Tuesday, Xerox Vice Chairman and CEO John Visentin said that his company has put forth a compelling proposal. In the letter, he also accuses HP of continuing to “obfuscate and make misleading statements” regarding some of the comments HP officials previously made when they questioned Xerox’s strategic direction and revenues.

Visentin says that Xerox plans “to engage directly with HP shareholders to solicit their support in urging the HP Board to do the right thing and pursue this compelling opportunity.”

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