Xerox raises HP buyout offer to $34 billion

Xerox raises HP buyout offer to $34 billion

4 years ago
Anonymous $-riAjkQg_1

https://www.mercurynews.com/2020/02/10/xerox-raises-hp-buyout-offer-to-34-billion/

Xerox on Monday turned the heat up in its efforts to acquire HP, as the printing technology giant raised its unsolicited offer for the Silicon Valley stalwart to $34 billion.

Xerox said it will now offer $24 a share for HP, which will include $18.40 in cash and 0.149 Xerox shares for every share of HP stock. Xerox said it will take its new bid public with a tender offer for HP’s shares starting “on or around March 2.”