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Xerox reports drop in Q1 earnings, withdraws fiscal guidance amid pandemic upheaval
Xerox Holdings Corp. on Tuesday reported a $320 million drop in first-quarter revenue and a 45-cent decline in earnings, missing Street estimates for EPS. The document company also withdrew its […]
Xerox vacates plan to acquire HP
Xerox Holdings Corp. has bowed out of its plan to acquire HP Inc., the company said in a statement Tuesday. “The current global health crisis and resulting macroeconomic and market […]
Xerox suspends HP takeover attempt amid pandemic woes
Xerox Holdings Corp. has temporarily suspended its hostile takeover attempt of rival printer giant HP Inc. in light of the COVID-19 global pandemic. Xerox on Friday said it would halt […]
Xerox Q4 earnings beat Street estimates, HP not impressed
Fourth-quarter sales fell more than 2 percent for Xerox Holdings Corp., the document company reported this week, but still managed to beat Street estimates. For the quarter ended Dec. 31, […]
Xerox offers slate of directors in HP hostile takeover bid
In another round of unsolicited involvement, Xerox Holdings Corp. has offered up a slate of directors for HP Inc., a move the computer giant called “self-serving.” As part of its […]
Xerox secures $24 billion in funding commitments for HP takeover
Xerox Holdings Corp. on Monday said it had raised the $24 billion necessary for its proposed hostile takeover of HP Inc. The document company has received financial commitments from Citi, […]
Xerox furthers hostile takeover bid in HP shareholder presentation
Xerox Holdings Corp. has launched its hostile takeover bid of Hewlett Packard Inc., beginning with an investor presentation made available to HP shareholders on Monday. “There is a clear path […]
Xerox, HP trade barbs as Xerox plans hostile bid
Hewlett Packard Inc. on Sunday shot back at Xerox Holdings Corp.’s Thursday letter threatening a hostile bid attempt by issuing its own strongly worded denunciation. “It is clear in your […]
HP rejects Xerox takeover proposal, recognizes benefit of ‘potential combination’
Days after revealing that activist investor and Xerox Holdings Corp. majority shareholder Carl Icahn had purchased $1.2 billion in Hewlett Packard Inc. stock—a sign that the 83-year-old investor wholeheartedly backed […]
Reports: Xerox in talks to acquire HP
Xerox Holdings Corp. is reportedly in talks with HP Inc. to acquire the computer and printer giant, a deal valued at more than $27 billion. And it’s a deal that […]
