Xerox Holdings Corp. XRX, +4.07% on Monday launched its cash-and-stock tender offer to acquire all outstanding shares of HP Inc. HPQ, +5.15% for $24 a share, comprising $18.40 in cash, and 0.149 Xerox shares for each HP share. "Our proposal offers progress over entrenchment," John Visentin, chief executive of Xerox, said in a statement. "HP shareholders will receive $27 billion in immediate, upfront cash while retaining significant, long-term upside through equity ownership in a combined company with greater free cash flow to invest in growth and return to shareholders." HP said its board is reviewing the unsolicited bid.
Business - Latest - Google News
March 03, 2020 at 04:30AM
https://ift.tt/38nF8Kt
Xerox launches tender offer for HP; HP board to review - MarketWatch
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Bagikan Berita Ini
0 Response to "Xerox launches tender offer for HP; HP board to review - MarketWatch"
Post a Comment