The Recycler
  • Biuromax Masthead web banner March 2024
  • Ambiente 2025 Masthead
  • G&G Masthead August 2024
  • Katun web banner December 2022 NEW

Xerox seek shareholder approval for HP deal

March 11, 2020

Xerox filed another preliminary proxy statement for its planned special meeting to approve share issuance in HP transaction.

Xerox Holdings Corporation announced that it filed a preliminary proxy statement with the United States Securities and Exchange Commission (“SEC”) to seek approvals from its shareholders related to the issuance of Xerox shares in connection with its offer to acquire HP Inc.

Xerox expects to call a special meeting at which Xerox shareholders will consider proposals to amend the Xerox charter to increase the number of authorised shares of Xerox common stock and to approve, for purposes of New York Stock Exchange rules, the issuance of Xerox shares in connection with a combination with HP.

Xerox said it will announce both the record and meeting dates for the special meeting prior to sending the definitive proxy statement.

Xerox also reaffirmed its tender offer to acquire all outstanding shares of HP for $24.00 (€21.21) per share, comprising of $18.40 (€16.25) in cash and 0.149 Xerox shares for each HP share.

As a result of market-wide circuit breakers procedures implemented by the NYSE on 9 March 2020, the trading of HP shares was temporarily suspended. Xerox said: “For the avoidance of doubt, Xerox does not consider this temporary trading halt to constitute a failure of any condition to its offer to acquire HP.”

Citi is acting as Xerox’s financial advisor, and King & Spalding LLP is providing legal counsel to Xerox. Willkie Farr & Gallagher LLP is providing legal counsel to Xerox’s independent directors, and Moelis & Company is acting as financial advisor to Xerox’s independent directors.

For additional details on the offer, the benefits of the transaction to both companies’ stockholders, and the Xerox management team, please visit www.XplusHP.com.

Categories : World Focus

Tags : HP Take Over Bid Xerox

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

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