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HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid

Stock Market Quotes and News

HP Inc. pledged to buy $15 billion worth of stock, with at least $8 billion of that in the first year, to tackle a hostile takeover from Xerox Holdings Corp. HP called Xerox's proposal "a fundamentally flawed value exchange" that "created an irresponsible capital structure" and overstates potential savings and productivity gains from merging the companies...

Mentions: Takeover Bid hostile takeover Takeover