Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion, according to people familiar with the matter. Given businesses’ and consumers’ declining reliance on the printed page, bankers consider companies like Xerox, HP and Japan’s Canon Inc. to be primed for consolidation. HP and Xerox shares have diverged recently. HP shares, meanwhile, are down 10% so far this year. Fujifilm’s lawsuit alleged Xerox unlawfully terminated the merger due to pressure from Messrs. Icahn and Deason, who argued the deal undervalued Xerox.

Source: Wall Street Journal November 06, 2019 03:45 UTC