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Xerox Prepared to Offer 4 Weeks of Due Diligence to Win Over HP

  • Smaller suitor is said to offer a month to weigh deal’s merits
  • Sides held informal talks on combination earlier this year
A pedestrian walks past HP Inc. headquarters in Palo Alto, California.

A pedestrian walks past HP Inc. headquarters in Palo Alto, California.

Photographer: David Paul Morris/Bloomberg
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Xerox Holdings Corp. is prepared to offer HP Inc. almost a month for the companies to examine each other’s books as it seeks to win over the computer and printer maker for a takeover offer, according to people familiar with the matter.

Xerox, one of the biggest sellers of photocopiers, is willing to give HP four weeks of mutual due diligence so the companies can weigh the merits of the $22-a-share cash-and-stock deal as well as the envisioned cost savings of such a combination, said the people, who asked not to be identified because discussions are private.