COVID-19 Prompts Xerox to Delay Face-to-Face Meetings on HP Buy
Xerox will prioritize the health and safety of its employees, customers, partners and affiliates above other considerations, “including its proposal to acquire HP,” said CEO John Visentin Friday. His company will delay releases of presentations, media interviews and meetings with…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
HP shareholders to focus on resources to protect the company’s various stakeholders from the coronavirus pandemic. Xerox offered to buy HP for $24 a share Feb. 10, a price “not in the best interest of HP shareholders,” says HP CEO Enrique Lores (see 2002250008). Xerox “does not consider the market decline since the date of its offer” -- or the temporary suspension of trading in HP shares Tuesday and Thursday as a result of marketwide circuit breaker procedures -- to constitute a failure of any condition to its offer to acquire HP,” said the company.