Xerox secures $24 billion financing for proposed HP takeover

(Reuters) – Xerox Holdings Corp (XRX.N) said on Monday it has secured $24 billion in financing for its $33.5 billion takeover offer for HP Inc (HPQ.N), a deal that the personal computer maker is opposing.

HP rejected the $22 per share offer in November saying it “significantly” undervalued the company, following which the printer maker took the offer directly to HP’s shareholders.

Xerox has engaged in “constructive dialogue” with many of HP’s largest shareholders, the company’s chief executive officer, John Visentin, said in a letter addressed to HP’s board on Monday.

Article URL : https://www.reuters.com/article/us-hp-m-a-xerox-hlngs/xerox-secures-24-billion-financing-for-proposed-hp-takeover-idUSKBN1Z51AG

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