Xerox offers HP $22 a share in takeover bid, sources say

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Sources also said the bid consists of 77% cash and 23% stock, or $17 in cash and .137 Xerox shares for each HP share.

The deal, if accepted, is expected to generate about $2 billion in cost synergies and result in HP holders owning 48% of the company, the sources said.

The new figures follow reports earlier in the week that the two companies were in talks to combine. HP on Wednesday confirmed it has held talks with Xerox, which makes printers and copiers, about a possible deal.

 

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Surprising and intriguing - will be interesting to see how this deal pans out!

Still trying to comprehend how this benefits either sides shareholders, especially considering HP just went public again and also is still building a massive HQ in my area.

Yo give that Xerox Alto 2.

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