HP says Xerox securing financing not basis for takeover talks

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HP says Xerox securing financing not basis for takeover talks
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HP Inc said on Wednesday that Xerox Holdings Corp securing financing for its $33...

) securing financing for its $33.5 billion takeover offer for the personal computer maker is not a basis for a discussion and reiterated that the proposal still undervalues the company.

“Your letter dated January 6, 2020 regarding financing does not address the key issue – that Xerox’s proposal significantly undervalues HP – and is not a basis for discussion,” the company said in a letter to Xerox on Wednesday.

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