HP Stock Fell Nearly 3% as Xerox Is Ending Hostile Takeover Bid for HP
The Xerox-HP takeover bid has been suspended due to the COVID-19 situation. Yesterday, Hewlett-Packard (HPQ) stock lost around 3% and today it is falling in the pre-market.
Xerox Launches Hostile Takeover of HP after It Dismisses $33.5B Offer
By
Darya Rudz
Xerox is not going to give up its attempts to combine with HP. Now it’s planning to try to replace the HP board of directors at the company’s stockholder’s meeting in April.
Xerox Puts Forward a Takeover Offer to HP Valued at $27 Billion
With a massive funding commitment from a banking giant, Xerox is planning to take over HP which is three times its size.