by stefanie | Mar 6, 2020 | Around the Industry
The HP Board unanimously recommended HP shareholders not tender shares into the Xerox offer because the Board believes the Xerox offer meaningfully undervalues HP and disproportionately benefits Xerox shareholders. The announcement follows a period of consultation by...
by stefanie | Mar 5, 2020 | Around the Industry
In a new twist Canon has announced that it will end 35 years of cooperation with HP if the Xerox deal to acquire HP goes ahead. CEO and Chairman Fujio Mitarai told Nikkei Asian Review that Canon would end the 35-year relationship with HP citing “a takeover [of...
by stefanie | Mar 3, 2020 | World Focus
Yesterday Xerox announced it has launched a tender offer to acquire all outstanding shares of HP for $24 (€21.58) per share in cash and stock. To finance the tender offer, Xerox has entered into an amended and restated commitment letter to add MUFG, PNC, Credit...
by stefanie | Mar 2, 2020 | World Focus
A recent regulatory filing by HP suggests that Xerox and HP were in private conversations about the merger ahead of the official take-over bid and how Icahn is interested in a quick resolution. In a recent SEC report filing, HP disclosed that “on 12 August 2019, Carl...
by stefanie | Feb 20, 2020 | Around the Industry
The OEM joined an initiative to establish industry?standard benchmarks for printer security and said it is the only OEM to earn both the first and second seals for device penetration and policy compliance. Buyers Lab, the industry’s leading authority in hardcopy...
