Hints and tips:
...Many of these were growth stocks, including the hot technology businesses of the day — Xerox, IBM and Texas Instruments — while others belonged to consumer companies such as Coca-Cola and Procter & Gamble...
...Ursula Burns became the first black woman to run an S&P 500 company in 2009 when she was named chief executive of Xerox, a position she held until 2017....
...Xerox is not alone in having to drop its takeover bid....
...Xerox declined to comment....
...Xerox’s main advantage is Carl Icahn. The billionaire activist investor owns 11 per cent of Xerox and has a long history of winning proxy fights....
...HP held abortive talks about buying Xerox earlier last year....
...HP is particularly concerned about the decline in Xerox revenues and believes that a decision last year by Xerox to end its joint venture with Fujifilm left a sizeable strategic hole in Xerox’s portfolio...
...Xerox has not been deterred by the HP defence....
...Xerox gave in to the inevitable last night and called off its five-month effort to buy rival printer and PC maker HP....
...There is also the $2.3bn Xerox can expect from the sale of its 25 per cent stake in the Fuji Xerox joint venture....
...Xerox and HP have added nearly $4bn to their combined market value since the offer was announced....
...You cannot blame Xerox for trying. Its shares have surged 26 per cent over the past 12 months, giving currency for a cash and stock deal....
...They also said they believed Xerox’s decision to exit its Fujifilm joint venture left a “sizeable strategic hole in Xerox's portfolio”....
...HP on Thursday rejected Xerox’s latest takeover approach and advised its shareholders not to tender their stock to Xerox....
...Any proposed tie up with Xerox, which makes printers and photocopiers, would have to contend with “significant questions . . . regarding the trajectory of [the Xerox] business,” HP’s letter said....
...Xerox said it would take its proposal for a $33bn takeover of HP directly to the personal computer maker’s shareholders, Nasdaq’s listings business is on course to eclipse that of bitter rival the New York...
...The agreement also involves the purchase of Xerox’s stake in a smaller joint venture with Fuji Xerox....
...HP has been sceptical of Xerox’s ability to fund the deal. Xerox has less than a third of HP’s equity value....
...EST on Monday, November 25, 2019, Xerox will take its compelling case to create superior value for our respective shareholders directly to your shareholders,” John Visentin, Xerox chief executive, wrote...
...Netflix, Ameriprise and Xerox were among the companies to have lost pay votes last year, while Noble Corp, the offshore drilling company, and chipmaker Qualcomm have suffered shareholder revolts in 2020....
...On the same metric, shares are worth more than twice the stock of Xerox. Fujifilm has a joint venture with the US group, with which it has more in common than with its drug-making peers....
...HP’s share price jumped more than 10 per cent on Tuesday after the Wall Street Journal first reported that Xerox was planning a bid. Xerox’s stock price rose 2.3 per cent....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...The Xerox/HP saga has already had some twists and turns, and it looks like there’s more to come. (FT) Mo money mo problems Twelve billion dollars....
...Rockstar for $3.85bn (FT + Lex) Natixis hit by H2O warning of ‘surprisingly large’ losses (FT) Prudential to float minority stake in US business (FT + Lex) HP CEO gets severance bump in event he’s fired in Xerox...
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