Xerox sweetens its takeover offer for HP
The two hardware giants have withered in a world increasingly driven by software
10 February 2020 - 20:30
New York — Xerox Holdings on Monday increased its offer price for HP to $24 a share, boosting the bid by $2 a share in an effort to win control of the personal computer maker which has previously refused to engage in takeover talks because it said the offer was too low.
Xerox said it plans to launch a tender offer “on or about March 2” that comprises $18.40 in cash and 0.149 Xerox shares for each HP share. The offer will not be subject to any conditions related to financing or due diligence. The offer represents a 41% premium to HP’s 30-day volume weighted average trading price of $17, Xerox said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.