Xerox ends pursuit to acquire HP
The copier maker is officially backing down from its efforts to force a merger with rival HP, citing market turmoil caused by the COVID-19 pandemic.
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HP to Xerox: Now is not the time to force a merger
HP has issued a letter to its shareholders deriding Xerox for advancing its tender offer and proposed slate of directors in the middle of the global coronavirus pandemic.
Xerox hits pause on HP acquisition pursuit, tender offer still on
With the escalating coronavirus pandemic, Xerox said it will no longer hold meetings and interviews related to the HP bid. It's still moving forward with its tender offer and proposed board slate.
Xerox launches official tender for HP shares
The tender offer is an increase above Xerox's initial proposal and aligns with HP's market value of $27 billion.
Xerox will attempt hostile takeover of HP's board of directors
Xerox said it plans to bring a full slate of new directors to HP's annual shareholder meeting in an attempt to overthrow HP's existing board via shareholder vote.
Xerox gets $24 billion in financing commitments for HP buyout offer
Xerox's CEO said the financing commitment is meant to dispel concerns that Xerox couldn't raise the necessary capital to fund its buyout proposal.
Xerox appeals to HP shareholders to back buyout offer
Xerox outlines the logic behind its proposed HP acquisition in an investor presentation filed Monday.
Xerox threatens to take its HP buyout offer to shareholders
Xerox is urging HP to reconsider its buyout offer or else it would take its case directly to HP's shareholders.
HP intros Workpath platform for building MFP apps
The company also announced a range of new cloud-based printing services and devices aimed at the mobile workforce.
HP buys office supplier Apogee, eyes copier market
HP is hoping to gain traction in the $55 billion A3 copier space and expand its Managed Print Services business.