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Xerox courts HP shareholders as takeover battle heats up

Xerox courts HP shareholders as takeover battle heats up

Monday, February 17, 2020, 1:36 PM

U.S. printer-maker Xerox Holdings Corp is hosting a dinner for HP-Inc shareholders this week as it seeks investor support to overcome the personal-computer maker's resistance to its $35-billion takeover bid, according to people familiar with the matter. HP, whose shares ended on Friday at $22.37, is expected to dismiss the sweetened offer as inadequate when it unveils its most recent quarterly earnings on Feb.-24.
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