Xerox Expects to Revenue Growth with HP Takeover

According to Ruters, Xerox Holdings Corp (XRX.N) expects its proposed acquisition of personal computer company HP Inc (HPQ.N) to result in sales growth of as much as $1.5 billion for the combined company, according to a presentation by the printer maker.

The presentation, addressed to HP shareholders, comes two weeks after Xerox said it was planning to take its $33.5 billion buyout bid directly to HP shareholders after HP refused to open its books for due diligence.

Xerox said revenue growth of $1 billion to $1.5 billion can be achieved through a three-year roadmap, which involves cross-selling products and streamlining operations.

The combined company will have a free cash flow of more than $4 billion in the first year before any synergies, Xerox added.

(Source: https://www.reuters.com/)

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