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Xerox Holdings Corporation (NYSE:XRX) (“Xerox”) today issued the following statement: The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to Xerox continuing to pursue an acqui...
Xerox (NYSE: XRX ) will end its more than $30B tender offer for HP (NYSE: HPQ ) after the coronavirus pandemic complicated the financials of the deal, according to WSJ sources . More news on: Xerox Holdings Corporation, HP Inc., Tech stocks news, Stocks on the move, Merger &...
By Breakingviews At a time when investors crave safety and predictability, a highly leveraged $35 billion hostile takeover is always going to lose its shine. Xerox's (XRX) bid for HP (HPQ) is effectively dead, at least for now. Industry consolidation can wait. True, a falling market ough...
Shares of HP (NYSE: HPQ) have popped today, up by 14% as of 3:30 p.m. EDT, after the company released an open letter to shareholders yesterday after the market closed. The broader indexes are also jumping on continued hopes that the U.S. government will pass a historic stimulus bill to ...
Although markets only began crashing about a month ago, it's difficult to remember a time when the negative financial effects of COVID-19 weren't at the top of everyone's mind. That's the result of the sheer scare surrounding the coronavirus outbreak. Likewise, fear is making it difficult to bel...
In a letter to shareholders, HP (NYSE: HPQ ) says that any "complex, large-scale, highly leveraged transaction in the current economic environment could be disastrous for HP, its shareholders and our entire ecosystem." More news on: HP Inc., Xerox Holdings Corporation, Tech sto...
3D Systems ( DDD ) is being particularly hard hit by the pandemic-induced economic downturn . The company has lost ~50% over the past month alone and has performed even worse than the general market. The current economic downturn will likely continue to have a disproportionate impact on 3D Sy...
Citing the growing threat of the novel coronavirus to its "various stakeholders," Xerox (NYSE: XRX) indicated today that it is putting its hostile takeover attempt of rival computer and printer maker HP Inc. (NYSE: HPQ) on the back burner for the time being. "In light of the es...
Xerox Holdings Corporation (NYSE: XRX) (“Xerox”) today issued the following statement: “In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates over and above all other consid...
Following through on promise/threat it made back in November, struggling photocopier company Xerox (NYSE: XRX) finally took its acquisition case directly to HP (NYSE: HPQ) shareholders last week, rather than continuing to try and negotiate with HP's stubborn board of directors. The so-ca...
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Today Xerox announced the Xerox ® AltaLink ® C8200 and Xerox ® AltaLink ® B8200 Series multi-function printers (MFPs). This new class of MFPs uses AI-assisted technology to securely automate repetitive and complex tasks and adapt to businesses’ evolv...
2024-07-19 12:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Xerox Holdings Corporation (NASDAQ: XRX) will host a live audio webcast at 8 a.m. ET on Thursday, July 25th, to discuss the company’s 2024 second-quarter results. A news release containing this information will be issued earlier that day at 6:30 a.m. ET. About Xerox Holdings Corpor...