Collaborate Disseminate
Xerox announced today that it would be dropping its hostile takeover bid of HP. The drama began last fall with a flurry of increasingly angry letters between the two companies, and confrontational actions from Xerox, including an attempt to take over the HP board that had rejected its takeover overtures. All that came crashing to […] Continue reading Xerox drops $34B HP takeover bid amid COVID-19 uncertainty
To ward off a hostile takeover bid by Xerox, which is a much smaller company, HP (not to be confused with Hewlett Packard Enterprise, a separate public company) is promising its investors billions and billions of dollars. All investors have to do to get the goods is reject the Xerox deal. In a letter to […] Continue reading HP offers its investors billions in shareholder returns to avoid a Xerox tie-up
Ever since Xerox set its sights on HP last November, the companies have been engaged in an ongoing battle. Xerox would like very much to take over the much larger HP, while the printer giant has so far rejected Xerox’s advances. Today, Xerox decided to sweeten the pot, raising its offer by two dollars per […] Continue reading Xerox sweetens HP offer to $24 per share as take-over drama continues
Xerox fired the latest volley in the Xerox -HP merger letter wars today. Xerox CEO John Visentin wrote to the HP Board that his company planned to take its $33.5 billion offer directly to HP shareholders. He began his letter with hostile tone befitting a hostile takeover attempt, stating that their refusal to negotiate defied […] Continue reading Xerox tells HP it will bring takeover bid directly to shareholders