Xerox said Monday it was raising its offer for computer and printer maker HP to some $36 billion as part of an effort to win over shareholders amid a heightened battle for control of the Silicon Valley firm. The new offer from the imaging and copying giant Xerox is around 10 percent higher than the … Read more
Wall Street fell and backed away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast. Reuters reported that three major U.S. stock averages including Wall Street fell following several days of record closing highs and their best … Read more
The Hewlett-Packard Company (HP) had rejected an offer from printer maker Xerox to buy the company, saying the $33.5bn cash-and-stock proposal significantly undervalues the personal computer maker. Tech giant HP said it had rejected a $33.5bn takeover offer by printer manufacturer Xerox, sources said. According to the details, the board has unanimously concluded that it … Read more
