Xerox considers takeover offer for HP, Dow Jones says [Business News Network (BNN) Energy & Resources (Canada)]
Xerox Holdings Corporation (XRX)
Last xerox holdings corporation earnings: 4/28 06:30 am
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Source: Business News Network
Xerox considers takeover offer for HP, Dow Jones says Xerox Holdings Corp. is considering a cash-stock offer for the US$27 billion PC giant HP Inc., the Wall Street Journal reported, a deal that could combine two of the biggest American names in office hardware. Xerox’s board met Tuesday to deliberate a deal that could result in US$2 billion of annual cost savings, the newspaper cited unidentified people as saying. While there’s no guarantee the company will follow through, any offer would value HP at a premium to its market value, the Journal reported. Representatives for the companies weren’t immediately available for comment after regular business hours. Xerox, which a day before agreed to jettison a slice of a venture with Japan’s Fujifilm Holdings Corp. for US$2.3 billion, may be angling to take over the world’s largest maker of personal computers after China’s Lenovo Group Ltd. Any deal would buttress its share of the printing and copying market, which has been hard-hit by the
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