Icahn pushes HP to talk merger with Xerox
Activist investor Carl Icahn is pushing personal computers maker HP to hold merger discussions with Xerox. The veteran investor said that the company’s current restructuring plans amount “to little more than rearranging the deck chairs on the Titanic.” A potential combination could yield over $2 billion in synergies, Icahn said. Data compiled by Bloomberg shows […]
HP rejects Xerox’s offer, remains open to talks
Computer maker HP has rejected the $33.5 billion cash and stock bid by printer giant Xerox Holdings. HP added that the offer “significantly” undervalues the computer giant. However, the company said that there are potential benefits from a merger between HP and Xerox. HP added that it is open to explore a takeover offer for […]
Xerox tables $33B offer for HP
Printer maker Xerox Holdings has offered $33 billion in cash and stock for computer giant HP, the Wall Street Journal reported citing sources. The potential target confirmed the offer but did not elaborate on the price. HP said that it will review the proposal “with an eye towards what is in the best interest of […]
