If HP and Xerox merge, activist investor Carl Icahn will be richer for it. How much money he makes depends on who buys whom, and how. johnsfoley
Xerox said on Nov. 26 that it planned to take its takeover offer for printer maker HP direct to the target’s shareholders. Xerox has offered $22 per HP share for its larger rival, consisting of $17 in cash and 0.137 new Xerox shares per HP share, equivalent to just under half the merged company.
HP on Nov. 24 rejected the photocopier company’s $32.6 billion cash-and-stock proposal, saying it “significantly undervalues” HP. HP on Nov. 26 reported $15.4 billion of revenue for the latest quarter, a slight year-on-year increase. Activist investor Carl Icahn owns a 4% stake in HP, and an 11% stake in Xerox, according to Refinitiv data.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Every Early Cyber Monday Deal You Need to Know AboutGather ye coins.
Read more »
Appreciation: Jonathan Miller, TV 'presenter' extraordinaireLike counterparts Anthony Bourdain, Carl Sagan and David Attenborough, Jonathan Miller wasn't a 'host.' He was his series' author and star.
Read more »
Wayfair's best Cyber Monday deals include discounts of up to 80% across the entire site.Wayfair's CyberMonday2019 deals are taking shape, though BlackFriday deals have been extended through the weekend
Read more »
Samsung's Cyber Monday deals are live now — save on the Galaxy Note 10 and S10, the Galaxy Watch, Tab S6, and moreSamsung is putting on Cyber Monday deals on its popular devices, including smartphones, computers, wearables, and more. Here are the best deals.
Read more »
How to Choose the Right Face Cream For Amazing Skin and MakeupWho needs a primer?
Read more »