HP issues statement after speculation regarding Xerox
| 07 November, 2019
HP has announced that it has had conversations with Xerox about 'a potential business combination'.
HP said: "We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday.
"We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders.”
The Wall Street Journal had reported that Xerox was looking at making a bid for HP, which has a market value three times larger than Xerox.