HP shares fall 5% after bid by Xerox is rejected
Instead, HP has indicated that it might make its own offer to take over Xerox
18 November 2019 - 15:40
Bengaluru — Shares of HP fell as much as 5% on Monday after the personal computer maker rejected a buyout offer from Xerox, and indicated it might instead make its own offer to take over the US printer maker.
HP stock has gained about 10% and those of Xerox about 7% since November 5, when the first news reports surfaced on Xerox's $33.5bn (about R500bn) cash-and-stock offer to buy bigger rival HP...
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