- Xerox, which is currently engaged in a hostile-takeover bid for competitor HP Inc., raised its offer for HP, announcing a new offer of $24.00 per share, which will be consist of $18.40 in cash and $0.149 in Xerox shares for each HP share
- offer will not be subject to any conditions related to financing or due diligence
- Xerox had previously offered to buy HP for $33.5 billion or $22 per share — $17 in cash and $0.137 in Xerox shares for each HP share
- Xerox execs claim to have met with, in some cases multiple times, many of HP’s largest stockholders
o “These stockholders consistently state that they want the enhanced returns, improved growth prospects and best-in-class human capital that will result from a combination of Xerox and HP.”

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