Xerox Considers $27 Billion HP Takeover

https://www.investopedia.com/xerox-mulls-hp-takeover-wsj-4775449

Xerox Holdings Corp. (XRX
https://www.investopedia.com/markets/quote?tvwidgetsymbol=xrx) is
considering making a cash-and-stock offer for HP Inc. (HPQ
https://www.investopedia.com/markets/quote?tvwidgetsymbol=HPQ), a
company with market value over three times its own, according to sources
speaking with The Wall Street Journal
https://www.wsj.com/articles/xerox-considers-takeover-offer-for-hp-11573012201.

According to the report, the Xerox board talked about the possibility on
Tuesday, and any bid would be at a premium to HP's stock price. The
sources added that the copy machine manufacturer has received an
informal funding commitment letter from a major bank and a merger could
cut $2 billion in costs.



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