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Xerox Launches Hostile Takeover Bid for HP

Xerox said it intends to nominate 11 independent candidates to replace HP’s Board of Directors.

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By: Anthony Locicero

Copy editor, New York Post

Xerox Holdings Corporation said it provided notice to HP Inc. that it intends to nominate 11 independent candidates to replace HP’s Board of Directors at HP’s 2020 Annual Meeting of Stockholders. The slate to be nominated includes former senior executives from companies including Aetna, United Airlines, Hilton Hotels, Novartis, Verizon and more. The candidates were chosen because of their expertise overseeing and executing significant company transformations and combinations, with demonstrated...

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