Inkjet & Digital Printing
HP to Review Unsolicited Exchange Offer from Xerox
Wednesday 04. March 2020 - HP Inc. (NYSE: HPQ) confirmed that Xerox Holdings Corporation (Xerox) has commenced an unsolicited exchange offer to acquire all outstanding shares of HP common stock for consideration consisting of cash, Xerox common stock, or a combination thereof (the Offer).
No Shareholder Action Required at this Time
The HP Board of Directors (the “Board”) will, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, carefully review and evaluate the Offer to determine the course of action that the Board believes is in the best interests of the Company and all HP shareholders. HP shareholders are advised to take no action at this time pending the Boards review and evaluation of the Offer.
HP intends to advise shareholders of the Boards position regarding the Offer within ten business days by making available to shareholders a solicitation/recommendation statement on Schedule 14D-9, to be filed with the U.S. Securities and Exchange Commission and published on HPs website at www.hp.com.
Advisors
Goldman Sachs & Co. LLC and Guggenheim Securities, LLC are serving as financial advisors, and Wachtell, Lipton, Rosen & Katz is legal advisor, to HP.