Updated: November 21, 2019 02:27 PM
Created: November 21, 2019 02:26 PM
NORWALK, CONN. (WHEC) -- Xerox's Board of Directors is threatening to go to Hewlett Packard's shareholders, if the company does not reconsider a takeover bid.
CNBC reports Xerox sent a letter to HP's Board of Directors after they rejected a proposed deal.
The move is projected to save both companies a combined $2 billion.
Right now, t's unclear how the potential takeover could affect the 3,000 Xerox employees in Webster.
Copyright 2019 - WHEC-TV, LLC A Hubbard Broadcasting Company