Xerox (XRX) and HP (HPQ) merger information, including expected completion date and offer price, is displayed in the acquisition details table below.
This deal was abandoned on March 31, 2020
Merger Details | Value |
---|---|
Acquisition Target Stock Name | HP |
Acquisition Target Stock Ticker | HPQ |
Acquirer Name and Ticker | Xerox (XRX) |
Announcement Date | November 6, 2019 |
Merger Status | HOSTILE BID |
Expected Completion Date | TBA |
Deal Value | $27.3bn |
Offer Value at Announcement | $24 |
Payment Method | All Stock Deal |
Cash Component | $18.40 |
Stock Ratio | 0.149 XRX shares for each HPQ share |
Initial Announcement | Press Release |
Xerox - Investor Relations | 1-800-828-6396 |
HP - Investor Relations | investorrelations@hp.com |
Deal Abandoned Date | March 31, 2020 |
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Xerox (XRX) and HP (HPQ) Merger
The major Xerox (XRX) and HP (HPQ) Merger news updates & events are listed below. An invaluable data source for traders & investors looking to familiarize themselves with the Xerox (XRX) merger with HP (HPQ) and trade the merger arbitrage spread. Following the acquisition news and events section, there are in-depth company profiles.
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Xerox (NASDAQ: XRX) and HP (NASDAQ: HPQ) Merger - Acquisition News and Events
Xerox Company Profile
Xerox Holdings Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions that leverage workflow automation, personalization and communication software, and content management. The company also provides desktop monochrome and color printers, and multifunction printers; copiers, digital printing presses and light production devices, and solutions; graphic communications and commercial printers; inkjet presses; and FreeFlow portfolio of software solutions for the automation and integration of print jobs processing.
In addition, it sells paper products, wide-format systems, and network integration solutions. The company sells its products and services directly to its customers through sales force, as well as through independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Holdings Corporation was founded in 1906 and is based in Norwalk, Connecticut.
HP Company Profile
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services.
The Printing segment provides consumer and commercial printer hardware, supplies, solutions, and services, as well as scanning devices. The Corporate Investments segment includes HP Labs and business incubation projects. It serves individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors. HP Inc. has a strategic alliance with Siemens AG; and collaboration with SmileDirectClub. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.