{"id":113669,"date":"2020-04-02T22:00:41","date_gmt":"2020-04-03T02:00:41","guid":{"rendered":"http:\/\/rbach.net\/?p=113669"},"modified":"2021-08-15T17:05:06","modified_gmt":"2021-08-15T21:05:06","slug":"xerox-ends-hostile-bid-for-hp","status":"publish","type":"post","link":"https:\/\/rbach.net\/index.php\/xerox-ends-hostile-bid-for-hp\/","title":{"rendered":"Xerox Ends Hostile Bid for HP"},"content":{"rendered":"

\"Xerox<\/a>The Xerox<\/a><\/strong> (XRX<\/a>) drama to take over HP<\/a><\/strong> (HPQ<\/a>) has come to an whimpering end<\/strong>. The Norwalk, CT copier company ended it $35B hostile takeover bid for the larger HP on March 31, 2020. The copier manufacturer said that it will formally withdraw its tender offer<\/strong> and proposed slate of directors to replace HP’s board<\/strong> as I outlined<\/a> on the Bach Seat<\/a><\/em>. Xerox says they gave up because of uncertainty stemming<\/a> from the Covid-19<\/a><\/strong> pandemic.\u00a0 In a presser<\/a> they said, 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<\/em><\/p>\n

Stay safe out there!<\/a><\/strong><\/em><\/p>\n

Related article<\/strong><\/p>\n