Sina Science and Technology News Beijing time on November 26th evening news, according to foreign media reportsXeroxThe company plans to launch a "hostile merger" process to submit a $33.5 billion acquisition proposal directly toHewlett PackardShareholder.

Earlier this monthXeroxToHewlett PackardMake an offer to buy Hewlett-Packard for $33.5 billion in cash and stock. On November 17, Hewlett-Packard's board unanimously rejected Xerox's offer. Hewlett-Packard's board of directors believes that Xerox's offer undervalues HP and is not in the best interests of shareholders.

On November 21, Xerox issued an ultimatum to Hewlett-Packard, saying that if HP refused to negotiate amicably with Xerox before November 25, Xerox would launch a "hostile M & A" process.

On November 24th, Hewlett-Packard rejected Xerox again. Hewlett-Packard reiterated that Xerox's $33.5 billion cash-and-stock offer significantly undervalued HP.

In response, Xerox said today that it plans to launch a "hostile merger" process against HP. "We plan to contact HP shareholders directly to seek their support and urge the board to make the right decision to seize this opportunity," Xerox said in a letter to the HP board. "

HP has yet to comment.

While rejecting Xerox again on Sunday, Hewlett-Packard accused Xerox of using offensive words and actions to force potential mergers in a speculative manner without providing enough information.

Xerox said today: "although you may not appreciate our 'aggressive' strategy, we will not apologize for it."

HP currently has a market capitalization of about $29 billion, more than three times that of Xerox. (Li Ming)