Xerox Holdings Corporation (NYSE:XRX) (“Xerox”) today issued the following statement: The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc. (NYSE:HPQ) (“HP”). Accordingly, we are withdrawing our tender offer to acquire HP and … [Read more...] about Xerox Provides Update on Proposal to Acquire HP
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Xerox to Nominate Full Slate of Directors for Election at HP’s 2020 Annual Meeting
Xerox Holdings Corporation (NYSE: XRX) (“Xerox”) announced today it has provided notice to HP Inc. (NYSE: HPQ) (“HP”) that it intends to nominate 11 independent candidates to replace HP’s Board of Directors at HP’s 2020 Annual Meeting of Stockholders. The slate to be nominated includes former senior executives from dozens of the world’s leading companies, including Aetna, … [Read more...] about Xerox to Nominate Full Slate of Directors for Election at HP’s 2020 Annual Meeting
HP Sends Letter to Xerox
HP Inc. (NYSE: HPQ) today announced that HP has sent a letter to Xerox Holdings Corporation in response to Xerox’s January 6, 2020, letter. The full text of HP’s letter is below: January 8, 2020 John Visentin Vice Chairman and CEO Xerox Holdings Corporation 201 Merritt 7 Norwalk, CT 06851-1056 CC: Keith Cozza, Chairman of Xerox Holdings Corporation; President and Chief … [Read more...] about HP Sends Letter to Xerox
Xerox Secures $24 Billion in Binding Financing Commitments for HP Acquisition
Xerox Holdings Corporation (NYSE:XRX) (“Xerox”) today sent a letter to the Board of Directors of HP Inc. (NYSE: HPQ) (“HP”) confirming that it has obtained $24 billion in binding financing commitments from Citi, Mizuho and Bank of America to complete its value-creating combination with HP. The full text of the letter is as follows: Dear Chip and Enrique, Over the last … [Read more...] about Xerox Secures $24 Billion in Binding Financing Commitments for HP Acquisition
Xerox confirms intention to engage directly with HP shareholders in absence of mutual due diligence
Xerox Sends Letter to HP Xerox Holdings Corporation (NYSE: XRX) (“Xerox”) sent a letter to the Board of Directors of HP Inc. (NYSE: HPQ) in response to HP’s November 24, 2019 letter to Xerox. Hereby is the full text of the letter sent to HP: Dear Chip and Enrique, Your refusal to engage in mutual due diligence with Xerox defies logic. We have put forth a compelling proposal … [Read more...] about Xerox confirms intention to engage directly with HP shareholders in absence of mutual due diligence
