NEW YORK ¨C HP Inc. said on Sunday it was open to exploring a bid for U.S. printer maker Xerox Corp. after rebuffing a $33.5 billion cash-and-stock acquisition offer from the latter as ¡°significantly¡± undervaluing the personal computer maker.
Xerox made the offer for HP, a company more than three times its size, on Nov. 5, after it resolved a dispute with its joint venture partner Fujifilm Holdings Corp. that represented billions of dollars in potential liabilities.
Responding to Xerox¡¯s offer on Sunday, HP said in a statement that it would saddle the combined company with ¡°outsized debt¡± and was not in the best interest of its shareholders.
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