Xerox eyes HP for takeover offer

Xerox eyes HP for takeover offer

According to HP official statement,“against this backdrop, we have had conversations with Xerox Holdings Corporation from time to time about a potential business combination. We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday.”

HP shares yo-yoed Thursday amid reports that Xerox had made a cash and stock offer, a takeover that would combine two legacy tech companies that are struggling to reinvent themselves.

From HP statement, they have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all HP shareholders.

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