Market Pulse Archives

Feb. 10, 2020, 8:12 a.m. EST

Xerox raises bid for HP to $24 a share

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Xerox Holdings Corp. (XRX)
  • X
    HP Inc. (HPQ)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Emily Bary

Xerox Corp. /zigman2/quotes/201169674/lastsale XRX -0.53% said in a Monday morning release that it was raising its offer for an HP Inc. /zigman2/quotes/203461582/lastsale HPQ +0.80% buyout to $24 a share from $22. The offer would be made up of $18.40 in cash and 0.149 Xerox shares for each HP share. HP has been pushing back against Xerox's attempts to buy the company for months, and Xerox recently nominated a slate of candidates for HP's board in an attempt to win shareholder support for a deal. HP shares are up 5.6% in premarket trading Monday, after closing Friday at $21.73. The stock has gained 11.3% over the past three months, as the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.16% has risen 7.6%.

/zigman2/quotes/201169674/lastsale
US : U.S.: NYSE
$ 18.61
-0.10 -0.53%
Volume: 3.67M
April 7, 2020 6:30p
P/E Ratio
6.01
Dividend Yield
5.37%
Market Cap
$3.96 billion
Rev. per Employee
$303,395
loading...
/zigman2/quotes/203461582/lastsale
US : U.S.: NYSE
$ 15.12
+0.12 +0.80%
Volume: 23.11M
April 7, 2020 6:30p
P/E Ratio
7.50
Dividend Yield
4.66%
Market Cap
$21.62 billion
Rev. per Employee
$1.07M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,659.41
-4.27 -0.16%
Volume: 4.22B
April 7, 2020 5:09p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.