Xerox Prepared to Offer 4 Weeks of Due Diligence to Win Over HP [Yahoo! Finance News]
HP Inc. (HPQ)
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Source: Yahoo! Finance News
Xerox Prepared to Offer 4 Weeks of Due Diligence to Win Over HP ) -- Xerox Holdings Corp. is prepared to offer HP Inc. almost a month for the companies to examine each other’s books as it seeks to win over the computer and printer maker for a takeover offer, according to people familiar with the matter. Xerox, one of the biggest sellers of photocopiers, is willing to give HP four weeks of mutual due diligence so the companies can weigh the merits of the $22-a-share cash-and-stock deal as well as the envisioned cost savings of such a combination, said the people, who asked not to be identified because discussions are private. Whether the time or scope of the access to one another will be sufficient to for HP to agree to enter discussions with its smaller rival is unclear. People familiar with the matter said, however, that HP had offered Xerox a non-disclosure agreement in September, typically a precondition of due diligence, which had been refused. The people added that while both HP
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HPQ
Earnings
- 2/28/24 - In-Line
HPQ
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- HPQ's page on the SEC website