April 01 - 12:04
Xerox calls time on pursuit of HP, cites coronavirus
Xerox has called time on its long-running pursuit of rival HP, citing the economic downturn that is being fuelled by the coronavirus pandemic. Xerox said it will withdrawing its offer to acquire HP, as well as its proposal to replace HP’s board of directors. Xerox hinted that it could revisit the deal in time, saying there remains long-term financial and strategic reasons to combine the companies.
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