Xerox on March 10 filed a preliminary proxy statement for a special meeting of its shareholders to vote on the issuance of shares which forms part of Xerox’s $35 billion offer to buy rival printer maker HP. A date for the meeting has not yet been set.
A day earlier, Xerox filed a preliminary proxy statement in support of its director nominees for HP’s board. A date for HP’s annual shareholder meeting has not yet been set. On March 2, Xerox launched a tender offer for HP, comprising $18.40 in cash and 0.149 Xerox shares for each HP share, worth $24 a share based on Xerox’s closing share price on Feb. 6. The tender offer expires on April 21, unless extended.
Xerox has secured $24 billion of bridge finance commitments. It said in its tender-offer filing that it may raise further cash through a private placement of equity or equity-linked securities in addition to having $2.7 billion of cash on hand. HP on March 5 rejected Xerox’s unsolicited tender offer, saying it undervalues HP and would create an “irresponsible” capital structure.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
What Wall Street wants Donald Trump to do to save the stock marketAs the coronavirus undid the economic gains of the past three years, financial professionals told Newsweek what President Trump should do. RESIGN. Too late for that! resign
Fonte: Newsweek - 🏆 468. / 52 Leggi di più »
Dow plummets most since 1987 as Trump stimulus plan fails to materialize - Business InsiderThe Federal Reserve announced it will inject $1.5 trillion of capital into markets this week, but that wasn't enough to save stocks. 45 does not lead when we need it in the stock market but he is happy to gift welfare for stock buybacks? Trump and CONGRESS remember what their role is.... Stop the blame politics and dividing in this crisis. We have a government - he’s not King. It’s so demoralizing watching media carry out a get POTUS at all costs agenda. What happens to journalism? Why this pic as the thumbnail tho... :')
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Market turmoil sparked by coronavirus fears is worse than financial crisis, James Bianco says'It's incredible to think that a trillion dollars can't get these markets moving,' James Bianco says (via TradingNation) TradingNation Because it’s not “free” money and it signals panic and drastic measures. TradingNation Its the sentiment bro. $10trillion might move the needle though. TradingNation 1000 dollars to each person in the United States a month is about 330 billion.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »