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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GlobalData Plc    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
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GlobalData : HP will attempt to prove to shareholders there is no need for takeover, says GlobalData

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02/12/2020 | 04:54am EDT
12 Feb 2020
HP will attempt to prove to shareholders there is no need for takeover, says GlobalData
Posted in Technology

Following the news that Xerox Holdings Corporation is raising its offer to US$24 per share to acquire HP;

Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view:

'Following months of HP's repeated rejections of any buy-out offers, Xerox has announced raising its takeover offer in a new move to lure HP shareholders. The new offer of US$24 per share totals the acquisition at around US$35bn, and Xerox has also indicated towards launching the tender offer for the acquisition in March 2020.

'HP has not yet commented on Xerox's latest move but gave indications that it will wait until its quarterly earnings results are released, which is likely to be on 24 February 2020. Within this time, HP may work on strategies to create value for its shareholders and showcase that value can be created without a takeover. Share buybacks may also be on the cards.

'It would be interesting to see if the U$24 per share price is high enough to entice HP shareholders to take the deal, or whether Xerox will be forced to consider further raising the takeover offer.'

Disclaimer

GlobalData plc published this content on 12 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 February 2020 09:53:02 UTC

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Financials (GBP)
Sales 2020 186 M
EBIT 2020 48,8 M
Net income 2020 23,0 M
Debt 2020 35,1 M
Yield 2020 1,60%
P/E ratio 2020 59,2x
P/E ratio 2021 44,6x
EV / Sales2020 6,93x
EV / Sales2021 6,48x
Capitalization 1 257 M
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Average target price 1 200,00  GBp
Last Close Price 1 065,00  GBp
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