Our Board of Directors also considered the highly conditional and uncertain nature of the proposal, including the potential impact of outsized debt levels on the combined company's stock. Our Board of Directors More Quotes by Our Board of Directors More Quotes From Our Board of Directors We believe it is critical to engage in a rigorous analysis of the achievable synergies from a potential combination. With substantive engagement from Xerox management and access to diligence information on Xerox, we believe that we can quickly evaluate the merits of a potential transaction. We remain ready to engage with you to better understand your business and any value to be created from a combination. Our Board of Directors technology