Xerox Increases Offer Price for HP to $24 a Share

(Bloomberg) — Xerox Holdings Corp. increased its offer price for HP Inc. to $24 a share, boosting the bid by $2 a share in an effort to win control of the computer hardware maker, which has previously refused to engage in takeover talks because it said the offer was too low.Xerox said in a statement Monday it plans to launch a tender offer “on or around March 2” comprised of $18.40 in cash and 0.149 Xerox shares for each HP share. The offer won’t be subject to any conditions related to financing or due diligence. The offer represents a 41% …read more

Source:: Yahoo Finance

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