Xerox sweetens its bid for HP Inc. to $24 a share from $22 a share

Xerox has boosted its offer to acquire HP Inc. to $24 a share, the company announced Monday.

The new offer would be for $18.40 per share in cash and 0.149 Xerox shares per share of HP. 

Last November, Xerox offered HP $22 per share in its takeover bid for the company. HP’s board of directors unanimously rejected the proposal, saying the offer undervalued HP and wasn’t in the best interest of shareholders.

This is a breaking news story. Please check back for updates.

Source link