The Recycler
  • Ambiente 2025 Masthead
  • G&G Masthead August 2024
  • Biuromax Masthead web banner March 2024
  • Katun Masthead Nov 2024

COVID-19: Xerox slows down HP purchase

March 13, 2020

Xerox released a statement related to COVID-19 and its proposal to acquire HP.

Xerox Holdings Corporation issued the following statement:

“In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates over and above all other considerations, including its proposal to acquire HP,” said John Visentin, Xerox Vice Chairman and Chief Executive Officer.

“As we closely monitor reports from government and healthcare leaders across the globe and work with colleagues in the business community to minimise the spread and impact of the virus, we believe it is prudent to postpone releases of additional presentations, interviews with media and meetings with HP shareholders so we can focus our time and resources on protecting Xerox’s various stakeholders from the pandemic.”

Xerox added: “For the avoidance of doubt, Xerox does not consider the market decline since the date of its offer or the temporary suspension of trading in HP shares that occurred on 10 March 2020 and 12 March 2020 as a result of market-wide circuit breakers procedures to constitute a failure of any condition to its offer to acquire HP. Xerox will take the same view on any future temporary trading halts, unless otherwise stated in advance.”

Categories : Around the Industry

Tags : Business HP Take Over Bid Xerox

  • Biuromax Nov 2024 Web Ad
  • Ink Tank No Web advert
  • GM Technology Nov Web Ad
  • Static Control June 2022 Big & Bold Ad
  • TN Core Nov Web advert
  • Apex Web ad Nov 2024
  • IR Italiana Web ad January 2021
  • G&G web advert October 2024
  • Cartridge Web Nov Web Banner
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • Mito Web banner June 2024
  • ITP Web ad January 2021
  • PCL Nov Web advert
  • denner UK Web Banner Jul 2024
  • CET Web ad December 2023
  • Denner Feb 2024 Web Ad
  • Zhono Web ad March 2024
  • CET Web ad December 2023
  • denner UK Web Banner Jul 2024
  • PCL Nov Web advert
  • Mito Web banner June 2024
  • HYB Web banner Jan 2024
  • ITP Web ad January 2021
  • ITP Web ad January 2021
  • Mito Web banner June 2024
  • PCL Nov Web advert
  • CET Web ad December 2023
  • denner UK Web Banner Jul 2024
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark