HP bids to block Xerox takeover with huge shareholder windfall
HP bids to block Xerox takeover with huge shareholder windfall Move will make hostile Xerox takeover bid effectively untenable When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works. HPhas announced an aggressive share buyback plan, in a bid to ward off a hostile takeover approach from rival printing company Xerox worth $35 billion. The company will repurchase up to $16 billion worth of shares over three years, diverting all free cash flow to share buybacks unless it identifies opportunities with higher potential return....