In a sharply worded letter, HP told Xerox it has “significant concerns about both the near-term health and long-term viability of your business.”
HP Inc. again rejected acquisition overtures from Xerox Corp. on Sunday, in a sharply worded letter that questioned the copier company’s ability to raise enough cash and its future viability.
“Your proposal does not constitute a basis for due diligence or negotiation,” HP said in Sunday’s letter, making a point to note that “we believe it is important to emphasize that we are not dependent on a Xerox combination.”
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