Personal View site logo
Make sure to join PV on Telegram or Facebook! Perfect to keep up with community on your smartphone.
Please, support PV!
It allows to keep PV going, with more focus towards AI, but keeping be one of the few truly independent places.
Mergers: Xerox wants to buy HP, kind of
  • Vitaliy_KiselevVitaliy_Kiselev

    Xerox Holdings Corp. has set its sights on a takeover of personal-computer and printer maker HP Inc., an audacious move that would unite two fading stars of technology.

    Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion, according to people familiar with the matter. The copier maker’s board discussed the possibility Tuesday, the people said.

    With a valuation of $27 billion, HP is worth more than 3x Xerox.

    After a recent change at the top ranks, HP said earlier this month that it would implement a restructuring plan that would shrink the company's workforce by 9,000. Merger can triple or even quadruple this number.

  • 1 Reply sorted by
  • Vitaliy_KiselevVitaliy_Kiselev

    Xerox is "aggressively pursuing" acquisition on PC giant HP by buying out all its public shareholding at $24 per share, according to a formal tender offer. HP has repeatedly refused to be acquired on Xerox's terms, and so Xerox is proposing to replace HP's entire board of directors with an independent board that it hopes will see the value of its offer. "Our proposal offers progress over entrenchment," Xerox CEO John Visentin states. "HP shareholders will receive $27 billion in immediate, upfront cash while retaining significant, long-term upside through equity ownership in a combined company with greater free cash flow to invest in growth and return to shareholders." Xerox claims to have secured financing of $24 billion from a consortium of financial institutions to help its efforts.

    And note how personal wishes are being crushed and people are being replaced.

Add a Comment