https://www.mercurynews.com/2020/03/02/xerox-starts-hp-tender-offer-in-effort-to-acquire-company/

Xerox’s unsolicited attempt to acquire HP entered a new phase on Monday as the printing and imaging giant officially launched a tender offer to buy up all of HP’s outstanding shares of stock.

Xerox had previously said it would launch the tender offer on or around March 2. The company is offering HP shareholders $18.40 in cash, along with 0.149 shares of Xerox stock for each share of HP’s stock. The deal values HP at approximately $34 billion.