Deals
Xerox Plans to Seek Control of HP Board After Snub
- Printer maker to submit slate for at least HP board majority
- Winning slate could give Icahn and ally control of HP, Xerox
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Xerox Holdings Corp. is preparing to seek control of HP Inc.’s board after the personal-computer maker rejected efforts to negotiate an acquisition, according to people familiar with the matter.
The iconic printer maker is expected to submit at least a majority slate of directors ahead of a Friday deadline for nominations to the 12-member board, said the people, who asked not to be identified because the matter is private.