XRX - Xerox Corporation

NYSE - NYSE Delayed Price. Currency in USD
16.90
-1.58 (-8.55%)
At close: 4:02PM EDT
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Previous close18.48
Open18.21
Bid16.85 x 800
Ask16.86 x 1000
Day's range16.66 - 18.83
52-week range15.01 - 39.47
Volume4,940,144
Avg. volume2,771,104
Market cap3.596B
Beta (5Y monthly)1.72
PE ratio (TTM)2.91
EPS (TTM)5.80
Earnings date21-Apr-2020 - 26-Apr-2020
Forward dividend & yield1.00 (5.41%)
Ex-dividend date26-Mar-2020
1y target est36.33
  • HP rejects Xerox's raised bid
    Reuters Videos

    HP rejects Xerox's raised bid

    HP still playing hard to get. The maker of printers and personal computers on Thursday once again rejected Xerox's sweetened takeover offer. Xerox had upped its bid last month by $2 to $24 a share, valuing HP at about $35 billion. HP said the offer would disproportionately benefit Xerox shareholders. It again accused Xerox of lowballing the company's true worth. It said Xerox's offer would SADDLE the combined company with what it called an "irresponsible level of debt" and "require unrealistic, unachievable synergies." Following the most TAKEOVER bid, HP said it would adopt a poison pill DEFENSE that would stop investors SEEKING A MERGER from amassing CONTROL OF MORE than 20% OF THE company. Xerox, a maker of LARGE printers and copiers, did not immediately respond to a request for comment. It all started back in November when Xerox first offered to buy HP for $33.5 billion. HP then rejected the bid, saying it significantly undervalued the company. HP is three times bigger than Xerox. Xerox shares fell more than 4% in early trading amid a broad market sell-off. HP shed about 1%.

  • Coronavirus Crisis Brings Xerox-HP Takeover Battle to End
    Zacks

    Coronavirus Crisis Brings Xerox-HP Takeover Battle to End

    A debt-heavy acquisition of a much larger company seems infeasible to Xerox (XRX) amid coronavirus-led changes in business conditions.

  • Financial Times

    Xerox/HP: paper jam puts an end to deal

    Xerox’s attempt to buy rival US printer maker HP was never going to be easy. Coronavirus made the highly leveraged $31bn hostile offer impossible. On Tuesday, Xerox pressed the “cancel” button on a five-month pursuit.

  • Investing.com

    Stocks - U.S. Futures Lower as Virus Victims Mount

    Additionally, gold futures rose 0.6% to $1,606/60oz, while EUR/USD traded at $1.0939, down 0.8%.

  • Xerox abandons $35 billion hostile bid for HP
    Reuters

    Xerox abandons $35 billion hostile bid for HP

    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. It represents a victory for HP CEO Enrique Lores, who faced a takeover battle as soon as he took over the reins of the Palo Alto, California-based company in November, and a defeat for Xerox CEO John Visentin, a former Hewlett-Packard and IBM Corp executive with ties to the private equity industry who took over as Xerox CEO in 2018. It is also a blow for billionaire investor Carl Icahn, who owns big stakes in both companies and had pushed for their merger.

  • Business Wire

    Xerox Provides Update on Proposal to Acquire HP

    Xerox is withdrawing tender offer to acquire HP and will no longer seek to nominate slate of highly qualified candidates to HP’s Board of Directors.

  • Investing.com

    Xerox to Walk Away From $35B Takeover Bid for HP - WSJ

    Investing.com - Xerox will reportedly pull its bid to buy rival HP amid concerns about its financial ability to pull off the deal in the wake of the coronavirus-led economic disruptions.

  • Coronavirus pandemic spurs brisk sales of HP PCs and printers as the nation works from home: CEO
    Yahoo Finance

    Coronavirus pandemic spurs brisk sales of HP PCs and printers as the nation works from home: CEO

    HP CEO Enrique Lores tells Yahoo Finance demand for PCs and printers have been strong as people work from home during the coronavirus pandemic.

  • Here's Why Xerox Holdings (XRX) Should be in Your Portfolio
    Zacks

    Here's Why Xerox Holdings (XRX) Should be in Your Portfolio

    Xerox's (XRX) bottom line is benefiting from "Project Own It," an initiative aimed at increasing productivity and efficiency, reducing costs, and realigning business to changing market conditions.

  • Top Ranked Value Stocks to Buy for March 23rd
    Zacks

    Top Ranked Value Stocks to Buy for March 23rd

    Top Ranked Value Stocks to Buy for March 23rd

  • Xerox to postpone meetings with HP shareholders amid coronavirus scare
    Reuters

    Xerox to postpone meetings with HP shareholders amid coronavirus scare

    The U.S. printer maker added that it does not consider the decline in HP shares since the date of its offer as a broader sell-off could affect its bid. "We believe it is prudent to postpone releases of additional presentations, interviews with media and meetings with HP shareholders so we can focus our time and resources on protecting Xerox's various stakeholders from the pandemic," Xerox's Chief Executive Officer John Visentin said in a statement on Friday. Earlier this month, HP rejected Xerox's raised takeover bid of about $35 billion (27.8 billion pounds), saying it undervalued the personal computer maker.

  • Business Wire

    Xerox Releases Statement Related to COVID-19 and its Proposal to Acquire HP

    In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates.

  • Business Wire

    Xerox Files Preliminary Proxy Statement for Special Meeting to Approve Share Issuance in HP Transaction

    Xerox Holdings Corporation announced that it is filing a preliminary proxy statement with the SEC to seek approvals from its shareholders.

  • Xerox's Takeover Offer Rejected Again, HP Calls it Too Low
    Zacks

    Xerox's Takeover Offer Rejected Again, HP Calls it Too Low

    HP rejects Xerox's (XRX) offer again, stating that it undervalues the company.

  • What Made HP Dismiss Xerox's Hostile Takeover Bid Again?
    Zacks

    What Made HP Dismiss Xerox's Hostile Takeover Bid Again?

    HP's (HPQ) board unanimously rejects another hostile takeover bid from Xerox (XRX), claiming the offer to be undervalued for the world's leading personal system maker.

  • Business Wire

    Xerox Files Preliminary Proxy Statement Supporting its Slate for Election at HP’s 2020 Annual Meeting

    Xerox Holdings Corporation announced that it is filing a preliminary proxy statement with the SEC to replace the board of directors of HP Inc.

  • HP CEO: Xerox's offer will have to address these 3 things
    Yahoo Finance

    HP CEO: Xerox's offer will have to address these 3 things

    The battle between HP and Xerox heats up. Yahoo Finance speaks with HP CEO Enrique Lores.

  • HP rejects Xerox's raised takeover offer of $35 billion
    Reuters

    HP rejects Xerox's raised takeover offer of $35 billion

    Chip Bergh, chair of HP's board, said the offer would leave shareholders with an investment in a combined company that is burdened with an irresponsible level of debt. Xerox decided https://www.reuters.com/article/us-xerox-fujifilm/xerox-exits-fujifilm-venture-with-2-3-billion-stake-sale-to-japan-partner-idUSKBN1XF0NB to sell its 25% stake in Fuji Xerox, its joint venture with Fujifilm Holdings, for $2.3 billion in November last year, following investor activism that scuppered a deal between the two companies.

  • Xerox Attempts Hostile Takeover With New Tender Offer for HP
    Zacks

    Xerox Attempts Hostile Takeover With New Tender Offer for HP

    Xerox (XRX), as expected, takes its takeover bid a notch higher.

  • Xerox, HP blame each other as takeover battle heats up
    Reuters

    Xerox, HP blame each other as takeover battle heats up

    U.S. printer maker Xerox Holdings Corp took its $35 billion bid for HP Inc to the U.S. personal computer maker's shareholders on Monday, with a formal tender offer and a rebuttal to HP's account of why they could not negotiate a deal. HP adopted a "poison pill" last month to neutralize Xerox's tender offer. Unless the companies can reach a compromise, it will be Xerox's bid to replace HP's board of directors at the latter's annual shareholder meeting in the next few weeks, rather than the tender offer, that will determine the outcome of the takeover battle.