- Xerox (XRX -0.2%) follows HP's (HPQ -0.5%) lead in confirming the proposed combination but offering few other details.
- Xerox: “Our industry is long overdue for consolidation, and those who move first will have a distinct advantage. We look forward to expeditiously moving this process forward and creating additional value for shareholders.”
- Earlier today, CNBC sources said Xerox will offer $22/share in cash and stock. HP shares closed yesterday at $19.57.