November 14, 2024

Month: November 2019

Xerox prepares to take HP buyout bid hostile

Xerox said on Tuesday it was planning to take its $33.5 billion buyout bid directly to HP shareholders after the personal computer maker refused to open its books for due diligence before a deadline.

“We plan to engage directly with HP shareholders to solicit their support in urging the HP Board to do the right thing and pursue this compelling opportunity,” Xerox said in a letter to HP’s board.

HP on Sunday rejected Xerox’s $22 per share offer that consists of $17 in cash and 0.137 Xerox share for each HP share, saying the offer “significantly undervalues HP”.

Last week, Xerox threatened to take its bid hostile, if HP did not agree to a “friendly” discussion and open its books before Monday. Xerox made the offer for HP, a company more than three times its size, on Nov. 5, after it resolved a dispute with its joint venture partner Fujifilm Holdings Corp that represented billions of dollars in potential liabilities.

Via: Reuters

Use Apple Pay at an Apple Store before December 2nd, 2019 to Donate $1.00 for World Aids Day

Customers that use the Apple Card at an Apple Store before Monday, December 2nd, 2019 can donate $1.00 towards helping people to combat AIDS in Africa on World Aids Day.

To qualify to make the donation, purchases must be made with Apple Pay and must be conducted at Apple.com, through the Apple Store app, or at a physical Apple Store worldwide. Donations will be collected up through December 2, and the donation is capped at a total of $1 million.

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