HPQ HP Inc

By Josh Beckerman

HP Inc. (HPQ) said it has had talks with Xerox Holdings Corp. (XRX) "from time to time," and said HP has "great confidence in our multi-year strategy."

The Wall Street Journal, citing people familiar with the matter, reported that Xerox made a cash-and-stock offer for HP. HP, saying it was "addressing market speculation," said it received a proposal transmitted Tuesday.

HP said, "We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders."

HP shares rose 1% after hours to $19.83, after increasing 6% during the regular session.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

November 06, 2019 17:20 ET (22:20 GMT)

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