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Citi, Mizuho and Bank of America commit to finance acquisition.
January 7, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation sent a letter Jan. 6, 2020 to the Board of Directors of HP Inc. confirming that it has obtained $24 billion in binding financing commitments from Citi, Mizuho and Bank of America to complete its value-creating combination with HP. The full text of the letter is as follows: Dear Chip and Enrique, Over the last several weeks, we have engaged in constructive dialogue with many of your largest shareholders regarding the strategic benefits of our proposal to acquire HP. I...
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