Xerox makes $35bn tender offer for HP

Xerox has made a tender offer direct to HP’s shareholders to buy all HP’s shares for $24 per share, comprising $18.40 in cash and 0.149 Xerox shares for each HP share, valuing HP at nearly $35 billion. Xerox has a market cap of $7.24 billion. “Our proposal offers progress over entrenchment,” said John Visentin, vice ...

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