Here's why both HP and Xerox may be up for grabs

Xerox made a roughly $33 billion cash-and-stock offer for HP earlier this month, which HP's board rejected over the weekend. Hewlett Packard said the bid undervalued the company and was not in the shareholders' best interest. Dan Gallagher, reporter at the Wall Street Journal, and Walter Isaacson, Tulane professor and an advisory partner at Perella Weinberg Partners, join CNBC's "Squawk Box" team to discuss.