HP says it's open to exploring a bid for US printer maker Xerox ...
In a move that could turn the tables on Xerox's own bid for HP.
Responding to that on Sunday (November 17), HP said the Xerox offer 'significantly' undervalued the personal computer maker.
Adding that at a cash-and-stock offer of 33.5 billion dollars,
Would saddle a combined company with - quote - 'outsized debt'.
But HP is still open to a deal where it would buy Xerox, it said.
It could be a bold move - and a major test - for HP's brand new boss, Enrique Lores
Who took over this month against a background of struggling printer sales.
Xerox has seen its stock rally since John Visentin took the helm last year ...
Though HP said on Sunday that Xerox's declining revenues since mid 201 raise 'significant questions' over its future.