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 ...

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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 ...

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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 ...

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A federal jury on Friday convicted Richard Leon Wilbern for the fatal robbery of the Xerox Federal Credit Union in Webster in 2003. Wilbern, 59, fatally shot Raymond Batzel during the crime and wounded another customer, Joseph Doud. The jury ...

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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 ...

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The feud between Xerox Holdings Corp. and Fujifilm Holdings Corp. may finally be over. Fuji has agreed to acquire Xerox’s one-quarter stake in Fuji Xerox for $2.3 billion, the two companies said Tuesday. Both companies’ boards agreed to the deal, ...

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Xerox Holdings Corp. shares spiked Tuesday on earnings that surpassed Street estimates. Company stock (NYSE: XRX) had climbed 16 percent to $35.72 in heavy volume midday, eventually settling at roughly $34.50. Despite a 6.5 percent decrease in revenue to $2.2 ...

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Xerox Corp. on Tuesday reported second-quarter financials that topped Street estimates for earnings but fell short on sales. For the second quarter ended June 30, Xerox reported an 8.8 percent decrease in revenue to $2.29 billion, missing analyst estimates by ...

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Xerox Corp. on Tuesday received shareholder approval to reorganize as a wholly-owned subsidiary of a new holding company. Xerox announced plans for the reorganization in March. Shares of company stock (NYSE: XRX) dropped roughly 3 percent on Wednesday as a ...

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Shares of Conduent Inc. stock (NYSE: CNDT) rebounded slightly Friday following a more than 42 percent drop in share price Thursday. The drop—from Wednesday’s close of $12.51 to Thursday’s low point of $7.17—followed a less-than-stellar first-quarter earnings report and the ...

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Xerox Corp. on Thursday reported mixed first quarter results that beat Street estimates for earnings but fell short of revenue expectations. For the quarter ended March 31, Xerox reported revenues of $2.21 billion, a more than 9 percent drop from ...

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A fifth Florida man has pleaded guilty to charges involving a scheme to defraud Xerox Corp. of more than $20 million in toner supplies. Robert Fisher of Daytona, Fla., pleaded guilty before US District Court Judge Elizabeth Wolford Friday in ...

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Xerox Corp. is exploring the possibility of a “strategic transaction” involving its customer financing business and related assets, a filing with the Securities and Exchange Commission this week shows. Monday’s filing included slides from a March 2019 presentation in which ...

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Xerox Corp. plans to reorganize its corporate structure into a holding company, documents filed with the Securities and Exchange Commission Wednesday show. Following the restructuring, Xerox will become a direct, wholly-owned subsidiary of a new holding company. The purpose of ...

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