Deals
Xerox Pauses HP Hostile Takeover, Proxy Fight Amid Outbreak
- Printer maker said it will halt shareholder meetings, media
- Xerox intends to continue public pursuit after containment
Signage is displayed on the exterior of Xerox Corp. headquarters in Norwalk, Connecticut.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Xerox Holdings Corp. said it will pause its public pursuit of HP Inc. amid the outbreak of the coronavirus.
“Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates over and above all other considerations, including its proposal to acquire HP,” Xerox Chief Executive Officer John Visentin said in a statement Friday, adding that the company continues to monitor the situation closely.