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    Xerox Secures $24 Billion in Binding Financing Commitments for HP Acquisition

    Citi, Mizuho and Bank of America commit to finance acquisition

    JAN 06, 2020 — CORPORATE

    NORWALK, Conn.
    Xerox Holdings Corporation (NYSE: XRX) (“Xerox”) today sent a letter to the Board of Directors of HP Inc. (NYSE: HPQ) (“HP”) confirming that it has obtained $24 billion in binding financing commitments from Citi,...

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  • HP Feels No Pressure to React Quickly to Xerox Takeover Bid

    By Nico Grant of "Yahoo Finance News." Bloomberg

    "(Bloomberg) -- HP Inc.’s board is still deliberating over a $33 billion takeover proposal from Xerox Holdings Corp., people familiar with the matter said, adding uncertainty to a potential blockbuster deal that would reshape the printing industry.

    HP’s board is trying to create the most value for shareholders and isn’t yet convinced a sale to Xerox is the right move, said the people, who asked not to be identified discussing HP’s private deliberations. The board doesn’t feel any pressure to respond quickly, the people added. Xerox wants to receive an answer within a week to the $22 per share cash-and-stock offer made Tuesday, according to people familiar with Xerox’s thinking.

    Palo Alto, California-based HP confirmed in a statement Wednesday that it had received an offer, but didn’t comment on its level of support for a combination. The second-biggest maker of personal computers pledged to do “what is in the best interest of all our shareholders.” [Read more here...]