I may have missed something, but did Xerox state anywhere they stopped buying available HP stock on the stock exchanges?
Oh, we may have found the COVID-19 silver lining: Coronavirus pandemic halts Xerox hostile takeover of HP
Citing concerns for the safety of its employees amid the COVID-19 coronavirus pandemic, Xerox announced on Friday it is putting its hostile takeover of HP Inc on ice for now. “In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates over …
Saturday 14th March 2020 01:15 GMT Pascal Monett
Well that's new
Taking a global pandemic for an excuse to not pass buy orders from one's computer. Wow. That has to be a first.
In this extremely volatile market, thanks to the OHSG who makes the stock market fall 1700 points every time he opens his lying maw, one would think it is exactly the time for a hostile takeover.
Well, it seems that the balls have dropped from Xerox, dropped entirely from the sack to the ground.
Or maybe this is just the excuse they use because HP has defended itself too well for their own comfort.
In any case, there is no chance for Xerox to start over. Such opportunities must be pursued when have been created, not put on ice. You pursue, or you fail. Xerox has failed.
Icahn must be incensed. I wonder what kind of reason he'll put in his lawsuit against Xerox ?
Saturday 14th March 2020 11:35 GMT DJV
"In these uncertain times our priority is to stay focused on our shareholders, partners, customers and employees"
I presume the order of said priorities denotes their sliding importance to HP - i.e. shareholders are the top priority and employees the least, no doubt with customers at a level that's barely higher than their employees. Figures...
Monday 16th March 2020 03:15 GMT RLWatkins
Leaving aside the question of who actually gives two farts...
... it might actually be a good thing if Xerox bought the mortal remains of the Hewlett Packard corporation.
Xerox used to run the premier CS / IT research lab, PARC, the equal in my estimation of the late and lamented Bell Labs. Hewlett Packard used to be one of the, if not *the*, premier electrical engineering outfit in the world.
If one phoenix could arise out of the ashes of two, the world might be at least a tiny bit better off.
Monday 16th March 2020 11:05 GMT Ian Joyner
They could have owned the industry
Xerox could have ruled the industry with their PARC technology. That would be the good way to do it. Instead we are stuck with interminable take overs which really contribute nothing to the advancement of technology or humanity – only shareholder's value.
Tuesday 17th March 2020 01:28 GMT sanmigueelbeer
Whao, whao, whao!
I've just got back to my seat with a big tub of popcorn, my favourite beer, pulled up the blanket ... and then this soap opera calls for a "commercial break"???
Coronavirus or not, that's not how lawyers operate -- lawyers will do anything for money.
I am off to the pub. Where's me jacket?