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Xerox abandons $35 billion hostile bid for HP
8:12pm, 31st March, 2020

Xerox abandons $35 billion hostile bid for HP

U.S. printer maker Xerox Holdings Corp walked away from its $35 billion hostile cash-and-stock bid for HP Inc on Tuesday, after the coronavirus outbreak weighed on its campaign to take over the PC and printing equipment manufacturer.
Xerox abandons $35 billion hostile bid for HP: sources
4:00pm, 31st March, 2020

Xerox abandons $35 billion hostile bid for HP: sources

Xerox Holdings Corp decided on Tuesday to abandon its $35 billion hostile cash-and-stock bid for HP Inc after the coronavirus-induced market turmoil put the brakes on its takeover campaign, according to people familiar with the matter.