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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