The latest development puts an end to months of a cat-and-mouse game, which saw Xerox aggressively push for a takeover.

The US-based printer-maker temporarily suspends its bid to take over HP in the wake of the global pandemic.

The company says it is filing a preliminary proxy statement in support of its slate of independent candidates to replace the HP board.

HP says it unanimously recommends its shareholders reject the takeover offer and not tender their HP shares pursuant to the offer.

HP has hit back at Xerox, saying its proposal to take over the company is fundamentally flawed and is overstating synergies.

Xerox says HP’s directors have adopted a “poison pill” and it will push for new candidates to run the company.

Within the South African awards category, Datacentrix was named PC Platinum Partner of the Year and Print Platinum Partner of the Year for 2019.

The document management technology company says the new offer will not be subject to any conditions related to financing or due diligence.

The copier company says it will nominate 11 new directors to replace HP's entire board.

The initial bid consisted of 77% in cash and 23% stock, or $17 in cash and 0.137 Xerox share for each HP share.

Available to the SA and SADC channel, this printer series offers sophisticated security features that allow for secure printing, safeguarding business IT infrastructure, says Caron De Fortier, HP Printer and Supplies Business Unit Manager at DCC.

With counterfeit printing components proliferating, HP will host training to educate organisations about the crime.