Xerox Increases Offer Price for HP Inc. to $24 Per Share
Xerox Holdings Corporation (NYSE: XRX) (Xerox) today announced its intention to launch a tender offer on or around March 2, 2020 for all of the outstanding shares of common stock of HP Inc. (NYSE: HPQ) (HP) at a price of $24.00 per share, which will be comprised of $18.40 in cash and 0.149 Xerox shares for each HP share.1 The tender offer will not be subject to any conditions related to financing or due diligence.