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HP rejects Xerox’s $33.5 billion bid ahead of a Monday deadline to take it or face hostile takeover, bringing the 2 tech giants closer to a prox...
HP hit back by calling Xerox's proposal "opportunistic," stressing that the merger simply didn't make sense.
Xerox threatens to take its acquisition bid directly to shareholders if HP doesn’t rethink its offer
Xerox was "very surprised" to hear of the rejection and is "determined to expeditiously pursue" the buyout, CEO John Visentin wrote Thursday.
HP's board said it remains open to future transactions, but would first need to explore "achievable synergies" between the companies.
HP is more than three times Xerox's size, and a cash-and-stock offer would ring in at a premium to HP's $27 billion market value.
Rupert Murdoch's 21st Century Fox has been trying to buy the 61% of Sky it doesn't already own since late 2016. Now Comcast wants in on the action.
Broadcom raised its offer to buy Qualcomm by 24% to more than $121 billion in order to bring the chipmaker back into talks after previous offers were rejected.
Roark Capital offered $150 a share for Buffalo Wild Wings.
Qualcomm could get a boost even if the proposed takeover from Broadcom doesn't happen, one analyst says.