Xerox threatens HP with hostile takeover

NORWALK, Connecticut and PALO ALTO, California — Xerox Holdings Corp. (NYSE: XRX) has threatened Hewlett Packard Inc. (NYSE: HPQ) with a hostile takeover effort, the latest development in a corporate merger that would include one of Fort Collins’ largest tech companies.

In a letter sent to HP executives Thursday afternoon, Xerox CEO John Visentin said his company was “surprised” at HP’s unanimous refusal towards Xerox’s $22 per share acquisition offer because its own financial advisor Goldman Sachs set a price target of $14.

Visentin also accused HP of asking for due diligence information from Xerox…