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HP Issues Statement Regarding Director Nominations from Xerox

Company believes that it is being undervalued by Xerox.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

HP Inc. confirmed that Xerox Holdings Corporation has announced its intent to nominate 11 candidates to stand for election to the Company’s Board of Directors at the HP’s 2020 Annual Meeting of Stock-holders. Xerox has previously submitted an unsolicited proposal to acquire HP, that the HP Board unan-imously rejected. HP issued the following statement: “We believe these nominations are a self-serving tactic by Xerox to advance its proposal, that significantly undervalues HP and creates meani...

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