Board unanimously recommends HP shareholders NOT tender shares into the Xerox offer
Board believes the Xerox offer meaningfully undervalues HP and disproportionately benefits Xerox shareholders
Xerox is essentially offering HP shareholders something they already own
The Xerox offer fails to reflect the full value of HP’s assets and standalone strategic and financial value creation plan
The Xerox offer would create an irresponsible capital structure, resulting in significant risks for HP shareholders