Xerox launches bid to acquire outstanding HP shares
| 04 March, 2020
Xerox has launched a tender offer to acquire all outstanding shares of HP Inc. for $24.00 per share with finance coming froma $19.5 billion payment and a $4.5 billion cash flow bridge payment.
“Our proposal offers progress over entrenchment,” said John Visentin, vice chairman and chief executive officer of Xerox. “HP shareholders will receive $27 billion in immediate, upfront cash while retaining significant, long-term upside through equity ownership in a combined company with greater free cash flow to invest in growth and return to shareholders.”