Xerox is planning to make a cash-and-stock offer for personalcomputer and printer maker HP, the Wall Street Journal reported late Tuesday evening. The company's board discussed the possibility on Tuesday, people familiar with the matter told the Journal, adding that Xerox has an informal funding commitment from a major bank. Xerox, which makes printers and copiers, has a market cap of $8.05 billion, less than a third of HP's $27.27 billion market value. Xerox’s bold (potential) acquisition appea ....

06 Nov 2019
Xerox to make bid for HP

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Xerox to make bid for HP
- Published:
06 Nov 2019 -
Author:
Kartik Swaminathan -
Pages:
3 -
Xerox is planning to make a cash-and-stock offer for personalcomputer and printer maker HP, the Wall Street Journal reported late Tuesday evening. The company's board discussed the possibility on Tuesday, people familiar with the matter told the Journal, adding that Xerox has an informal funding commitment from a major bank. Xerox, which makes printers and copiers, has a market cap of $8.05 billion, less than a third of HP's $27.27 billion market value. Xerox’s bold (potential) acquisition appea ....