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| Xerox announces a new HP offer |
Xerox raised its offer to HP on Monday from $ 2 to $ 24 per share after rejecting many of its previous offers for computer and printing companies.
According to Xerox, the latest offer includes $ 18.40 cash per HP share and 0.149 shares from Xerox, making the company around $ 35 billion. From there after the increase in Xerox offers, HP's share price increased 3% to $ 22.31 and Xerox itself 1%.
Xerox, one of the most famous manufacturers of printing solutions, made a $ 33.5 billion offer to HP - more than three times the value of Xerox. Last November, the HP Board of Directors rejected the offer on the grounds that it had been undervalued.
Xerox announced last month that it intended to appoint 11 independent candidates to the HP Board of Directors and receive $ 24 billion. A December report from Xerox showed that the company expects the proposed acquisition of sales to increase to $ 1.5 billion.
Some Wall Street analysts said the merger would help the two companies restore the declining printing market again, while others mentioned integration issues given the price differences and pricing models between the two companies.