Friday, 22 October 2021

Tag Archives: Xerox

HP rejects $33.5 bln takeover offer from Xerox

HP Inc. says its board has rejected a roughly $33.5 billion takeover offer from Xerox. The Palo Alto, California-based company said on Sunday that the cash and stock deal undervalues its business and its board cited concerns about “outsized” debt levels should the companies combine. HP, which makes computers and ...

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Xerox Scraps $6.1 Billion Fujifilm Deal

LONDON: Activist investors Carl Icahn and Darwin Deason prevailed in their bid to stymie Fujifilm Holdings Corp.’s $6.1 billion takeover of Xerox Corp. and to push out the U.S. office equipment supplier’s chief executive officer. Jeff Jacobson, the CEO who oversaw the initial deal with Fujifilm, will step down under ...

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