Deals
Xerox Woos HP Holders With $1.5 Billion Sales Growth Target
- Xerox outlines its case for tie-up with HP on Monday
- Combined company could be worth $31 a share to HP holders
Photographer: David Paul Morris/Bloomberg
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Xerox Holdings Corp. believes its proposed HP Inc. takeover would create as much as $1.5 billion in potential revenue growth, according a presentation to HP’s shareholders made public Monday.
The printer maker outlined its case for a tie-up between the companies, arguing the combined firm will be worth about $31 a share to HP investors on a pro-forma basis. The merged entity will generate more than $4 billion in free cash flow in the first year before taking any synergies into account, according to the presentation, confirming a report in Bloomberg News.