https://wccftech.com/hp-upgraded-wall-street-optimistic/

Last week, news broke that Xerox Holdings Corporation (NYSE:XRX )was interested in a takeover attempt aimed at HP Electronics. It was then reported at the end of the week that the takeover offer amounted to Xerox buying each HP share for $17 and 0.137 of its own share, for a total offered price of $27/share. Additionally, while it was first reported that Xerox expects an answer from HP (NYSE:HPQ) by tomorrow - or within one week of having made the offer, now looks like things have changed. Additionally, it also looks like Xerox's offer has instilled fresh confidence into HP's stock. Take a look below for more details.

The first question that comes to everyone's mind when thinking about Xerox's HP takeover offer is the fact that the former is much smaller than the latter. Xerox has $14 billion in total assets as of its third-quarter of 2019 while HP reported $32 billion in assets in its third-quarter that ended in July this year. Additionally, HPQ (the former HP's new PC and Printer company) as a whole earned $58.7 billion in revenues in its July quarter, while Xerox which primarily deals with photocopiers, earned $9.2 billion in revenue.