Xerox scraps HP takeover efforts amid Covid-19 ‘turmoil’
Xerox has withdrawn its tender offer to acquire HP and drop efforts to influence the company’s board, citing the “turmoil” caused by Covid-19.
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HP warns of ‘disastrous’ M&A outcome in current climate
HP doesn’t want to divert its “valuable time, attention and resources” to a dialogue with Xerox about its proposed takeover bid amid the COVID-19 pandemic.
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Xerox postpones HP talks over Covid-19 fears
Xerox, which is in a proxy fight for control of HP, will postpone meetings with shareholders of the PC maker amid the coronavirus outbreak.
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HP rejects $35B Xerox takeover bid
HP has rejected Xerox's raised takeover bid of about U.S.$35 billion, saying it undervalued the personal computer maker.
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Xerox initiates official $35B tender offer for HP
Xerox is ramping up its efforts to buy HP with an official tender offer to acquire HP shares at a total of approximately US$35 billion.
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