The story of Xerox's intent to take over HP Inc. dragging on a little longer than since last November, when the first proposal was made public. Published by HP Inc. The document explains that both Carl Icahn and Xerox management have been discussing possible alliance options since August in private negotiations with the company's management.
Official
In September, the companies' CEOs, Dion Weissler and John Visentin, held a business meeting where the latter outlined the view of the Xerox Board of Directors on the company's future development. Xerox management admitted that they do not see opportunities for organic business growth, and now it must either absorb another company or become part of it itself. Representatives of Xerox initially realized that with their level of capitalization to buy a larger HP Inc. would be difficult, so they urged the other party to consider taking over Xerox.
At a recent quarterly reporting conference, HP Inc. not only softened the rhetoric, but also announced plans to increase the cost of repurchasing shares, which should increase investor loyalty. There is, however, one indication that HP Inc. is ready. consider merging with Xerox. NXP Semiconductors CEO Richard Clemmer, who led the $2015 billion takeover of Freescale Semiconductor in 12, joined the board of directors of the first company. repeatedly refer to his experience in the field of strategic transactions. It cannot be ruled out that Xerox and HP Inc. in the end, some kind of compromise will be reached in the field of creating an alliance or other strategic transformation.
Source: 3dnews.ru