Wires

BRIEF-HP Board Of Directors Unanimously Rejects Unsolicited Xerox Proposal

Nov 17 (Reuters) - Hp Inc:

* HP BOARD OF DIRECTORS UNANIMOUSLY REJECTS UNSOLICITED XEROX PROPOSAL

* BOARD OF DIRECTORS HAS UNANIMOUSLY REJECTED UNSOLICITED PROPOSAL FROM XEROX HOLDINGS CORPORATION TO ACQUIRE COMPANY

* CONCLUDED THAT XEROX PROPOSAL SIGNIFICANTLY UNDERVALUES HP AND IS NOT IN BEST INTERESTS OF HP SHAREHOLDERS

* "WE ARE OPEN TO EXPLORING WHETHER THERE IS VALUE TO BE CREATED FOR HP SHAREHOLDERS THROUGH A POTENTIAL COMBINATION WITH XEROX"

* HAVE FUNDAMENTAL QUESTIONS THAT NEED TO BE ADDRESSED IN OUR DILIGENCE OF XEROX

* BELIEVE IT IS CRITICAL TO ENGAGE IN A RIGOROUS ANALYSIS OF ACHIEVABLE SYNERGIES FROM A POTENTIAL COMBINATION

* BELIEVE THAT WE CAN QUICKLY EVALUATE MERITS OF POTENTIAL TRANSACTION WITH SUBSTANTIVE ENGAGEMENT FROM XEROX MANAGEMENT Source text for Eikon: Further company coverage: