Why HP Rejected a Takeover Offer From Xerox...Again

The transcript discusses the ongoing negotiations between HP and Xerox, focusing on HP's belief that Xerox's offer undervalues the company. Xerox has significant financing but hasn't increased its bid. Carl Icahn, a major shareholder in both companies, supports the merger, citing synergies. HP has concerns about Xerox's financial health and future growth. Analysts predict a potential proxy fight to change HP's board, with a deadline approaching.

What is the main reason HP rejected Xerox's offer?

• The offer undervalues HP.

• HP is not interested in selling.

• HP wants to merge with another company.

• Xerox lacks financing.

How much financing does Xerox have for the deal?

• $22 billion

• $26 billion

• $28 billion

• $24 billion

What is Carl Icahn's position regarding the merger?

• He has not commented on the merger.

• He supports the merger due to synergies.

• He is neutral about the merger.

• He opposes the merger.

What concerns does HP have about Xerox?

• Xerox's product quality.

• Xerox's market share.

• Xerox's financial health and future growth.

• Xerox's management team.

What is the potential next step in the merger saga?

• A friendly negotiation.

• A complete withdrawal by Xerox.

• A joint venture agreement.

• A proxy fight to replace HP's board.