As HP implements a stockholder rights plan aimed at preventing investors amassing more than a 20 per cent stake Credit: IDG-Owned Xerox has said it will continue to pursue HP, even after the PC maker said it would implement a poison pill plan to shield itself against a takeover offer from the U.S. printer maker. “Despite the HP board’s intention to deny shareholders the chance to choose for themselves, we will press ahead with our previously announced tender offer and electing our slate of highly qualified director candidates,” Xerox said. It raised its offer earlier this month by U.S.$2 to U.S.$24 per share, following several rejections of its previous buyout offers by HP. HP on Thursday said the implementation of the stockholder rights plan, which has a one-year expiration period, aims to stop investors from amassing more than 20 per cent stake in the company. That leaves Xerox with one realistic alternative for its takeover plans. It will have to go ahead with its plans to replace HP’s board with its own nominees in a shareholder vote during the latter’s upcoming annual meeting. Related content news ServiceNow hires Barry Dietrich for A/NZ and David Thodey as advisor Both hires are integral to the company. By Sasha Karen 03 May 2024 2 mins Careers Enterprise Applications Software Development news Broadcom hints "more to come" post-VMware Sums up the last few months after the November acquisition closing. By Sasha Karen 03 May 2024 3 mins Mergers and Acquisitions Cloud Computing Vendors and Providers news The Instillery targets costs to make cyber security services more accessible Service aims to encourage use of Microsoft licenses many businesses have already paid for. By Rob O’Neill 02 May 2024 2 mins Small and Medium Business Managed Service Providers Security news Enprise Group sales surge after resolution of MYOB dispute Enprise's board expects the improved performance to continue. By Rob O’Neill 02 May 2024 2 mins Small and Medium Business Enterprise Applications Vendors and Providers