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Xerox makes new push in Hewlett Packard takeover bid

Xerox makes new push in Hewlett Packard takeover bid

WHECTV
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.

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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.
 


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