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Tech Takeovers - Xerox Launches a Takeover Bid for Hp

The Economist

It is an attempt to burnish tech royalty whose glory has faded I F THE BOARD won’t agree, try the shareholders directly. After nearly a year of advances, on March 2nd Xerox made a formal tender offer for HP , a much bigger rival computer-and-printer-maker. It is willing to pay HP ’s shareholders $24 a share, valuing the company at $35bn. That is a third higher than its market capitalisation before Xerox made its intentions clear in November—and five times that of Xerox itself...

Mentions: Takeover Bid acquisition Morgan Stanley