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 guidance for fiscal 2020 due to economic uncertainty surrounding the ...

Tagged with: covid19 Earnings hp john visentin xerox

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 turmoil caused by COVID-19 have created an environment that is ...

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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 its planned presentations to HP shareholders, but stressed that the ...

Tagged with: acquisition coronavirus covid-19 hostile takeover hp stock market xerox

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 reported revenue of $2.44 billion, down from $2.5 billion ...

Tagged with: Earnings fuji hp john visentin xerox

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 ongoing hostile takeover attempt, Xerox this week said it would  ...

Tagged with: carl icahn hostile takeover hp john visentin xerox

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, Mizuho and Bank of America. In November, Xerox officials reached ...

Tagged with: carl icahn fujifilm hp john visentin xerox

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 to realizing increased value from your investment in HP—the proposed ...

Tagged with: fuji hewlett packard hostile takeover hp visentin xerox

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 aggressive words and actions that Xerox is intent on forcing ...

Tagged with: hewlett packard hp xerox

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 a merger between the two companies—HP announced it had rejected ...

Tagged with: fuji hp merger xerox

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 could mean good things for Xerox’s Webster campus, one local ...

Tagged with: george conboy hewlitt packard hp visentin xerox