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Tag Archives: xerox

Xerox throws in the towel on planned HP acquisition

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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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Xerox continues pursuit of HP acquisition (access required)

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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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Them’s fightin’ words: Xerox, HP spar over acquisition (access required)

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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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HP rejects Xerox offer but leaves the door open (access required)

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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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What would a Xerox acquisition of HP mean for Idaho? (access required)

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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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