Xerox Is Trying to Buy HP for $22 a Share in Takeover Bid

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Hewlett-Packard may have a new lord and master. Print and digital document giant Xerox has offered HP $22 per share in a takeover bid, despite the latter having triple the market cap ($29 billion). If HP were to accept the deal, its holders would end up owning only 48% of the company.

“We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday,” the company said in a statement. “We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders.”


Tsing Mui
News poster at The FPS Review.

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