HP Shares Rise 7% Premarket on Report Xerox Mulling Takeover Bid
November 06 2019 - 8:37AM
Dow Jones News
By Colin Kellaher
Shares of HP Inc. (HPQ) rose more than 7% in premarket trading
Wednesday after The Wall Street Journal reported that Xerox
Holdings Corp. (XRX) was considering a takeover bid.
HP shares, which closed Tuesday at $18.40, were up 7.6% to
$19.77 in premarket trading.
The Journal, citing people familiar with the matter, on Tuesday
reported that Xerox is considering making a cash-and-stock offer
for HP, which has a market value of about $27 billion.
Shares of Xerox, which closed Tuesday at $36.37, slipped 3% in
light premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 06, 2019 08:22 ET (13:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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