Open wide, very wide: Xerox considers buying HP. Yes, the HP that is more than three times its market cap
https://www.theregister.co.uk/2019/11/06/xerox_mulls_bid_for_hp/
Xerox is reportedly mulling a daring multibillion-dollar bid to take over hard-pressed HP Inc – a company that has three times its market capitalisation.
According to the Wall Street Journal, the board at Xerox convened yesterday to consider a combined cash and stock offer. NYSE-listed HP currently has a market cap of $27.27bn, but clearly shareholders will want more than that.