HP: 'Numerous Opportunities' for Value at HP, Xerox Plan Would Benefit Its Own Stockholders
January 23 2020 - 2:40PM
Dow Jones News
By Josh Beckerman
HP Inc. (HPQ), responding to Xerox Holdings Corp.'s (XRX) plans
to replace HP's board, said there are "numerous opportunities
available to HP to drive sustainable long-term value," including
the company's strategic plan and buybacks of its "significantly
undervalued stock."
HP said, "Xerox's proposed transaction attempts to use HP's
financial capacities for the benefit of Xerox shareholders."
Xerox, which has offered to buy to HP, said earlier Thursday
that "HP shareholders have told us they believe our acquisition
proposal will bring tremendous value."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 23, 2020 14:25 ET (19:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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