U.S. printer maker Xerox Holdings Corp is hosting a dinner for HP Inc shareholde...
HP has been reluctant to engage in deal discussions with Xerox since November, when the latter launched its takeover campaign after reaching a settlement with Fujifilm Holdings Corp that resolved a legal dispute over their 57-year-old joint venture and a previous attempt to merge, yielding a $2.3 billion after-tax payoff for Xerox.
HP did negotiate with Xerox last year at the invitation of billionaire investor Carl Icahn, a top Xerox shareholder who has since also acquired a stake in HP, according to the sources. The talks stalled after the companies failed to agree on the amount of confidential information they shared with each other, the sources said.
It has disputed the value of the cost synergies that Xerox has put forward, and argued that its sale to Xerox would saddle the combined company with too much debt. HP has also raised questions on the impact on Xerox’s supply chain of losing Fujifilm as a partner.HP is also mindful of large acquisitions given its fateful deal for British software company Autonomy almost a decade ago. HP bought Autonomy for $11.1 billion in 2011 as the centerpiece of its unsuccessful pivot to software.
Xerox’s stock has rallied under Visentin, a former Hewlett-Packard and IBM Corp executive with ties to the private equity industry who took over as Xerox CEO in 2018.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How one word in a treaty could cost Russia billions for seizing YukosThe seizure of Yukos, a defunct oil company, was a turning point in Vladimir Putin's consolidation of power
Leer más »
When and how to watch NXT Takeover: Portland onlineTakeover: Portland will take place on Sunday, not the usual Saturday.
Leer más »
UK parents lose court appeal to keep baby on life supportThe parents of a baby declared brain dead by doctors have lost the latest round of a legal battle in Britain’s courts to keep him on life support.
Leer más »
Bianca Belair talks her Royal Rumble experience, NXT Takeover: Portland and not being the underdog'Belair will shine wherever she is. But I feel I have unfinished business in NXT.'
Leer más »