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Xerox scores financing for HP takeover bid

  • Citigroup, Mizuho Financial and Bank of America have agreed to provide Xerox (NYSE:XRX) with up to $24B in financing for its takeover offer for HP Inc. (NYSE:HPQ), sources told the WSJ.
  • It's a sign the company is pushing forward with an unsolicited $33B deal that its larger rival had rejected as too low and not in the best interests of its shareholders.
  • Xerox on Nov. 5 made the cash-and-stock offer for HP, whose market value has since risen to almost $30B, making it nearly four times Xerox’s size.
  • HPQ +0.2% premarket

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