Re: Smaller company attempting a hostile takeover?
If I were an HP stock holder I'd be thinking that most of the money I'd get would be borrowed. If I also got stock I'd be holding a chunk of that debt. In other words I'd effectively have borrowed the money to pay myself and have to pay interest on it. No way would I want stock.
OTOH if I were a Xerox stock holder I'd be thinking if it were an all cash deal I'd be borrowing heavily to buy a chunk of HP shares - but if I wanted to do that I'd just go out and buy them myself. But Xerox has money from the Fujifilm deal; instead of borrowing more money to no good purpose why don't they just hand me my share of the cash in hand?
Biting the hand that feeds IT
