Another Update

Here are the updates. After Xerox raised its bid last month, HP said it would implement a poison pill plan to stop investors from amassing more than 20% stake in the company.

HP on Thursday requested shareholders to reject Xerox’s tender offer launched earlier this week, saying it would disproportionately benefit Xerox shareholders relative to HP shareholders.

Xerox shares fell over 4% and HP shares about 1% in early trading.

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