Xerox raises takeover offer for HP

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Xerox raises takeover offer for HP
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Xerox Holdings Corp raised its offer to buy HP Inc to $24 per share from $22 per...

The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid

The latest offer comprises $18.40 in cash and 0.149 Xerox shares for each HP share, valuing the company at about $35 billion. Shares of HP, which did not immediately respond to a request for comment, were up more than 5% at $22.86 in trading before the bell.

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