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Home / Industry / Manufacturing / HP rejects Xerox takeover proposal, recognizes benefit of ‘potential combination’ (access required)

HP rejects Xerox takeover proposal, recognizes benefit of ‘potential combination’ (access required)

Days after revealing that activist investor and Xerox Holdings Corp. majority shareholder Carl Icahn had purchased $1.2 billion in Hewlett Packard Inc. stock—a sign that the 83-year-old investor wholeheartedly backed a merger between the two companies—HP announced it had rejected Xerox’s unsolicited bid to acquire the Palo Alto, Calif.-based computer giant. In a statement released Sunday, ...

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