HP Rejects Xerox Offer as Too Low

HP rejected Xerox's $33.5 billion offer, citing undervaluation and concerns over Xerox's declining revenue. However, HP is open to further discussions. Activist investor Carl Icahn, who holds stakes in both companies, is pushing for the merger, believing it will yield significant profits. The merger could create a $70 billion revenue giant, reviving two companies whose fortunes have waned in the digital age.

Why did HP reject Xerox's $33.5 billion offer?

• They are not interested in merging with Xerox.

• They want to focus on internal growth.

• They believe the offer undervalues their company.

• They plan to merge with another company.

What concern did HP raise about Xerox?

• Xerox's declining revenue since 2018.

• Xerox's increasing market share.

• Xerox's high employee turnover.

• Xerox's outdated technology.

What is Carl Icahn's involvement in the HP and Xerox merger?

• He is a competitor trying to block the merger.

• He is a board member of HP.

• He is the CEO of Xerox.

• He is an activist investor with stakes in both companies.

What was revealed about Carl Icahn in the recent 13F filings?

• He is the largest shareholder of HP.

• He is against the merger.

• He plans to sell his shares in Xerox.

• He owns stakes in both HP and Xerox.

What is the estimated annual revenue if HP and Xerox merge?

• $70 billion

• $100 billion

• $50 billion

• $30 billion