According to Jade Articles (Yupian), it is formed by the combination of two characters and is pronounced tou. It means to spurn. Explanation in Analytical Dictionary of Characters (Shuowen Jiezi): to spurn and reject when conversing with one another.
Also, according to Collected Rhymes (Jiyun), it is formed by the combination of two characters and is pronounced pou. The meaning is the same.