Description: Xerox boosted its offer to acquire HP Inc. to $24 a share, or about $34 billion, the company announced Monday. The new offer would be for $18.40 per share in cash and 0.149 Xerox share per share of HP. Shares of HP climbed as much as 2.7% in early trading on the news. Xerox’s stock was up 1.1%.
Source: CNBC.com – video report
Date: Feb 10, 2020
Questions for discussion:
- Why does this merger make sense for both firms?
- Is the price right, in your opinion?