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posted by
martyb
on Wednesday April 01 2020, @09:24PM
from the waiting-for-a-better-deal-or-holding-onto-assets-or??? dept.
from the waiting-for-a-better-deal-or-holding-onto-assets-or??? dept.
Xerox Holdings is withdrawing its hostile bid for HP Inc., the latest example of Covid-19's wide-ranging impact on markets.
Xerox (ticker: XRX) said Thursday afternoon that it will pull both its tender offer for HP (HPQ) shares and its proposed slate of directors for the HP board.
"The current global health crisis and resulting macroeconomic and market turmoil caused by Covid-19 have created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc.," Xerox said in a statement. "Accordingly, we are withdrawing our tender offer to acquire HP and will no longer seek to nominate our slate of highly qualified candidates to HP's Board of Directors."
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Xerox Withdraws Its Hostile Bid for HP, Citing ‘Current Global Health Crisis’
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Good day for a change of scene. Repaper the bedroom wall.
(Score: 2) by PartTimeZombie on Thursday April 02 2020, @12:24AM (1 child)
They're Fuji/Xerox where I live. Some sort of joint venture type thing I think.
I have had only one dealing with them, about 10 years ago, I gave the Fuji/Xerox sales guy a tender document, which outlined what we wanted and when.
After chasing him several times, he returned a proposal which offered us a whole lot of things we didn't want and missed a bunch of stuff we did want for about 50% more than everyone else. I was buying photocopiers, which I thought would be easy.
I haven't dealt with them since.
(Score: 2) by Grishnakh on Thursday April 02 2020, @03:28AM
I haven't seen a Xerox machine for ages. The large machines I see in corporate settings these days seem to be Ricohs.