(Bloomberg) — HP Inc. announced it will return $16 billion to shareholders in the form of buybacks, and boost cost cuts, trying to rally investors against Xerox Holdings Corp. for control of the world’s second-largest personal computer maker.HP said it would increase share buybacks to $15 billion from a $5 billion program announced in October. This will result in adjusted profit of $3.25 to $3.65 per share in fiscal 2022, which is about $1 more per share than analysts’ projections. HP also said it would reach out to Xerox to explore a combination on its own terms, rather than succumbing …read more
Source:: Yahoo Finance
