Lest anyone be unclear about HP’s opinion of Xerox’s $24-per-share buyout offer, its board of directors provided some choice descriptions in a statement released March 5: “inadequate,” “irresponsible,” “unrealistic,” and “desperation.” “Our message to HP shareholders is clear: the Xerox offer undervalues HP and disproportionately benefits Xerox shareholders at the expense of HP shareholders,” Chip
