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

Link: https://www.cnbc.com/2020/02/10/xerox-sweetens-its-bid-for-hp-inc-to-24-a-share-from-22-a-share.html

Questions for discussion:

• Why does this merger make sense for both firms?
• Is the price right, in your opinion?