Xerox is officially launching a hostile takeover to acquire HP. It plans to nominate 11 new directors to replace HP’s entire board by skleb1234
After two of its earlier bids were rejected, Xerox is officially launching a hostile takeover to acquire HP. On Thursday, Xerox said it plans to nominate 11 new directors to replace HP’s entire board at an upcoming shareholder meeting, setting the stage for a proxy battle.
Xerox’s 11 proposed candidates encompass a range of experienced executives including the former CEO of Cowen Group, the former chairman of Grant Thornton, as well as current or former board members of companies like Ally Financial, American Airlines, Jefferies and Wynn Resorts.
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