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HP confirms Xerox bid

HP confirms Xerox bid

Printing company Xerox is reportedly weighing up an ambitious cash-and-stock offer for its far bigger rival, HP. Xerox has set its sights on a far bigger rival than itself. The $8bn printing services company is considering a takeover of personal computer giant HP, as The Wall Street Journal first reported. On Wednesday, HP confirmed it received a bid from Xerox just a day earlier. Here is HP's full statement: "As reviewed at HP's most recent Securities Analyst Meeting, we have great confidence in our multi-year strategy and our ability to position the company for continued success in...

November 7, 2019
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