Xerox Ends Effort to Acquire HP, Citing Coronavirus Pandemic

Xerox has withdrawn its $35 billion offer to acquire HP. The vendor is also canceling a plan to replace HP’s board of directors with its own nominees.
(Photo by Justin Sullivan/Getty Images)

Xerox has abandoned its hostile takeover bid for PC vendor HP, placing the blame for the failed effort on the coronavirus.

“The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that ...

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