HP Board Rejects Xerox Takeover Offer

The transcript discusses the potential merger between HP and Xerox, highlighting HP's initial rejection of Xerox's offer due to concerns about Xerox's declining business and debt. Both companies are interested in due diligence, with HP considering acquiring Xerox. The merger is seen as a way to cut costs in a challenging printing industry. Carl Icahn, a significant shareholder in both companies, plays a crucial role in the merger discussions. Management and control issues remain unresolved, with John Visentin potentially leading the combined company.

What was one of HP's main concerns about merging with Xerox?

• Xerox's declining business

• Xerox's large workforce

• Xerox's high profitability

• Xerox's technological advancements

Why are HP and Xerox considering a merger despite the challenges in the printing industry?

• To develop new technologies

• To expand into new markets

• To save costs through synergies

• To increase their workforce

What role does Carl Icahn play in the potential merger between HP and Xerox?

• He is a government regulator

• He is the CEO of HP

• He is a major shareholder in both companies

• He is a competitor

What is uncertain about the management of the merged company?

• The location of the headquarters

• Who will control the company

• The type of products they will focus on

• The name of the merged company

What is Carl Icahn's perspective on the merger?

• He believes it is a bad idea

• He thinks it is a no-brainer

• He is indifferent about it

• He wants to delay the merger