Xerox to be acquired by HP Inc.?
Article published Seeking Alpha magazine
- Two Xerox directors, Chairman Keith Cozza and Cheryl Krongard announced they are leaving the board of directors
- “may be an attractive investment for traders looking for a possible takeover target
- “Xerox is a potential takeover target and HP Inc. might an interesting suitor”
- Xerox used $888 million to buy back its own shares in 2021, but current stock price is about 8 points lower now than it was the same day last year
- HP is now trading over $35 per share, and Xerox is under $19,, making a stock for stock deal most likely
With a yield of 5.43%, Xerox Holdings Corp (NASDAQ:XRX) may be an attractive investment for those seeking high current income and for traders looking for a possible takeover target. High growth and being a member of the elite "Nifty-Fifty" have long passed. Terrible decisions by management, including Carl Icahn who is a major shareholder, have made matters worse, in my opinion. With the stock price dropping down to only the high teens, Xerox is a potential takeover target and HP Inc. (NYSE:HPQ) might be an interesting suitor. read the rest here