Employees of some 30 subcontractors laid off from HP’s Imaging, Printing and Solutions Business Group in Boise have been deemed eligible for federal employment services because the jobs moved overseas. The federal employment services, all part of the Trade Act ...
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Xerox has given up on its quixotic attempt to acquire HP, which had been going on since November, blaming the decision on COVID-19 coronavirus and the associated economic downturn. Most recently, the Norwalk, Connecticut, company had offered up a competing ...
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March 10, 2020
Comments Off on Xerox continues pursuit of HP acquisition
The “rough wooing” of Xerox and HP continues, with Xerox raising its tender offer to $24 per share and providing a slate of directors for HP shareholders to elect who would be more amenable to the merger. For its part, ...
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November 26, 2019
Comments Off on Them’s fightin’ words: Xerox, HP spar over acquisition
After HP rejected its acquisition offer, Xerox is playing hardball with a hostile takeover or proxy war. John Visentin, Xerox vice chairman and CEO, does not mince words in a letter to Enrique Lores, who became HP president and CEO on Nov. 1, and ...
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November 20, 2019
Comments Off on HP rejects Xerox offer but leaves the door open
HP rejected a bid from Xerox to buy the company but indicated it was willing to keep talking about some sort of merger. “Our Board of Directors has reviewed and considered your unsolicited proposal dated November 5, 2019 at a ...
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November 8, 2019
Comments Off on What would a Xerox acquisition of HP mean for Idaho?
Xerox is trying to buy HP – and it could mean layoffs. According to media reports, Xerox has offered HP $22 per share, consisting of 77% cash and 23% stock, or $17 in cash and 0.137 Xerox share for each HP share. If accepted, ...
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HP’s Boise campus isn’t at risk of a government takeover, according to the Idaho Department of Administration. Speculation that HP would be forced to leave when its lease expires isn’t true, said Bryan Mooney, director of the Department of Administration. ...
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October 8, 2019
Comments Off on How many of HP’s jobs cuts will come from Idaho? No one knows
HP Inc., one of Boise’s most venerable technology companies, expects to cut 7,000 to 9,000 employees by the end of 2022, but it isn’t clear how many cuts will come from Idaho. “We do not break the restructuring out by ...
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