Tag Archives: hewlett packard

The leading manufacturer of office equipment Xerox is officially launching a hostile takeover to acquire computing giant HP. According to Xerox, the company will start with nominating 11 independent candidates during HP’s annual stockholders’ meeting in April. If elected, the new board will make it easier for Xerox to acquire the PC manufacturer.The decision to play hard resulted from HP’s rejection of Xerox’s takeover bid. The price at which Xerox valued HP made up $33.5 billion. However, HP...

The latest reports reveal that Dell Technologies Inc plans to offer its business clients more flexible and on-demand buying options for various products. Some of the products featured in the new plan include personal computers and servers. This move is believed to aim at countering the lure of cloud services offered by Microsoft Corporation and Amazon.com Inc.Customers can now use Dell’s hardware on their consumption. They can use it as a service or via a subscription called the Round Rock, a...

In what can turn out to be one of the biggest takeovers, Xerox has put forward a cash-and-stock offer for computing giant Hewlett Packard. The latest report states that both companies are looking to cut costs and this merger can help them save around $2 billion in expenses.Xerox, which has specialized over the years in making printers and copiers, has an $8.5 billion market cap. This is one-third of the market cap of HP, currently valued at $27 billion. It is unclear how Xerox plans to go...