Xerox ditches its $35 billion hostile bid for HP amid coronavirus outbreak

ByJerome Smith
xerox-ditches-its-$35-billion-hostile-bid-for-hp-amid-coronavirus-outbreak

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(Reuters) — U.S. printer maker Xerox walked away from its $35 billion hostile cash-and-stock bid for HP on Tuesday, after the coronavirus outbreak weighed on its campaign to take over the PC and printing equipment manufacturer.
Xerox’s decision came after it said earlier this month it would postpone meetings with HP shareholders to focus on coping with the coronavirus pandemic.  » ….