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Xerox Provides Update on HP Acquisition Proposal

'We are withdrawing our tender offer to acquire HP and will no longer seek to nominate our slate of... candidates to HP’s Board of Directors.'

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By: Anthony Locicero

Copy editor, New York Post

Xerox Holdings Corporation issued the following statement: The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc. Accordingly, we are withdrawing our tender offer to acquire HP and will no longer seek to nominate our slate of highly qualified candidates to HP’s Board of Directors. While it is disappointing to take this step, we are prioritizing ...

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