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MarketScreener Homepage  >  Equities  >  Nyse  >  HP Inc.    HPQ

HP INC.

(HPQ)
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HP : rejects takeover offer from Xerox

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11/17/2019 | 02:42pm EST

HP Inc. says its board has rejected a roughly $33.5 billion takeover offer from Xerox.

The Palo Alto, California-based company said Sunday that the cash and stock deal undervalues its business and its board cited concerns about “outsized” debt levels should the companies combine.

HP, which makes computers and printers, said it recognizes the potential benefits of consolidation and remains open to exploring other options to combine with Xerox Holdings Corp.

Both companies have faced difficulties as the demand for printed documents and ink have waned.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
HP INC. -0.15% 20.47 Delayed Quote.0.20%
XEROX HOLDINGS CORPORATION -1.22% 37.31 Delayed Quote.91.14%
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Financials (USD)
Sales 2020 58 109 M
EBIT 2020 4 161 M
Net income 2020 2 961 M
Debt 2020 175 M
Yield 2020 3,43%
P/E ratio 2020 9,97x
P/E ratio 2021 9,84x
EV / Sales2020 0,53x
EV / Sales2021 0,52x
Capitalization 30 335 M
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Technical analysis trends HP INC.
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Mean consensus HOLD
Number of Analysts 15
Average target price 20,33  $
Last Close Price 20,47  $
Spread / Highest target 17,2%
Spread / Average Target -0,67%
Spread / Lowest Target -12,1%
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Managers
NameTitle
Enrique Lores President & Chief Executive Officer
Charles Victor Bergh Independent Chairman
Steven Fieler Chief Financial Officer
Shane D. Wall Chief Technology Officer
Shumeet Banerji Independent Director
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