Xerox raises HP offer to $24 per share

13th February 2020

Xerox has signaled its intention to improve on its offer for HP with the announcement that it intends to launch a tender offer on or around March 2, 2020 for all of the outstanding shares of common stock of HP Inc for $24.00 per share, which will be comprised of $18.40 in cash and 0.149 Xerox shares for each HP share.

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HP rejects Xerox financing

10th January 2020

As expected, HP has sent a fairly curt letter to Xerox once again rejecting its bid and stating that the $24 billion financing that Xerox touted at the start of this week “does not address the key issue – that Xerox’s proposal significantly undervalues HP – and is not a basis for discussion.”

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