Xerox became synonymous with photocopying and printing. HP’s business today is built, in large part, on its printers. Now Xerox wants to combine the two companies.
On Wednesday night, HP announced that the previous day it had received a takeover offer from Xerox, after conversations “from time to time about a potential business combination.”
“We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders,” the statement said.