HP rejects Xerox’s $33.5 billion offer to buy the company

Business

The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid

(Reuters) – HP Inc said on Sunday it had rejected an offer from printer maker Xerox Corp to buy the personal computer maker.

Xerox made a $33.5 billion cash-and-stock offer for HP earlier in November, the company said on Sunday, citing a letter received from Xerox on Nov. 5.

Reporting by Kanishka Singh in Bengaluru; Editing by Tom Brown

Products You May Like

Articles You May Like

South Korean actor found dead in latest K-pop tragedy
Trump administration asks top court to allow it to resume federal executions
Indonesia fines Garuda after CEO fired over smuggled Harley Davidson
Trump says trade talks with China going ‘very well’
No apology to Elon Musk from British diver at ‘pedo guy’ defamation trial

Leave a Reply

Your email address will not be published. Required fields are marked *