HP turns down Xerox's offer once again, open for further negotiation
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HP wrote a letter to the board of directors to Xerox, rejecting Xerox’s latest takeover offer, saying it significantly undervalues the company. However, it has left the door open for further negotiation. HP made it clear, it is not desperate for a buyer, and maintains it would be just fine without combining with Xerox and it's Xerox that was looking for a savior, even while attempting a hostile takeover of the company.