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Xerox offering $22/share for HP - CNBC

Nov. 07, 2019 9:22 AM ETHPQ, XRXBy: Brandy Betz, SA News Editor38 Comments
  • Xerox's (NYSE:XRX) offer for HP (NYSE:HPQ) consists of 77% cash and 23% stock, according to CNBC sources.
  • HP shareholders would own 48% of the combined company.
  • Yesterday, WSJ sources said Xerox would offer under $23 per share in the bid.
  • After the bell, HP confirmed receiving a proposal but provided no further details.
  • HP shares are up 1.2% pre-market to $19.80.

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