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HP offered to purchase Xerox - CNBC

|About: HP Inc. (HPQ)|By:, SA News Editor

HP (HPQ -1%) held detailed talks to purchase Xerox (XRX +2.7%) within the past two months, according to CNBC's David Faber.

The talks ended when HP asked for more time to conduct due diligence.

HP's response to Xerox's combination bid could take a couple of weeks, according to Faber's sources.

Yesterday, CNBC sources said Xerox plans to offer $22/share in a combination of cash and stock.

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