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Xerox launched a tender offer to acquire all outstanding shares of HP Inc.
March 3, 2020
By: Anthony Locicero
Copy editor, New York Post
Xerox Holdings Corporation launched a tender offer to acquire all outstanding shares of HP Inc. for $24 per share, comprising $18.40 in cash and 0.149 Xerox shares for each HP share. “Our proposal offers progress over entrenchment,” said John Visentin, vice chairman and CEO of Xerox. “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 ...
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