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Tagged With "CNBC"

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HP/Xerox merger update

Art Post ·
- In a CNBC interview, Hewlett-Packard Enterprise (HPE) CEO Antonio Neri recently commented on Xerox’s bid to acquire HP Inc.(which used to be part of Hewlett Packard) - separate companies.) - “the deal doesn’t make any sense.” - “I think the HP Inc. has a clear strategy to create value for shareholders and stakeholders. And Enrique Lores (HP Inc. CEO) is someone I respect tremendously. …and I think he’s on the right path.” - “I think it’s more about, what is the opportunity to drive value...
Topic

HP/Xerox merger update

Art Post ·
- Xerox filed a proxy statement with the SEC to support its slate of nominees for HP’s board of directors, o Expanded its board slate from 11 to 12 members, as it added former Alliant Energy CEO, Erroll Davis Jr. - Xerox’s CEO, John Visentin, stated that it will pause its public pursuit of HP amid the outbreak of coronavirus o Xerox’s shares have fallen 33% over past month - HP’s CEO, Enrique Lores, was recently interviewed by CNBC o “When we are talking about real overlap with Xerox, we are...
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