Xerox presentation to HP shareholders shows profitable gains through acquisition

Xerox continues its attempt to acquire HP, walking HP shareholders through an investor presentation available to all shareholders.

In the investor presentation, Xerox Vice-chairman and CEO, John Visentin said HP shareholders would be offered $17 per share in cash and 48 percent of the pro forma of the new combined company.

“In this presentation, we provide an overview of the value of our offer and two of the most important opportunities created by a combination - cost synergies and revenue synergies. By harvesting these synergies, which can only be realized with this combination, the new pro forma company will be both more profitable and better positioned to provide customers with a stronger mix of products, services and support than either company can do on its own.

“The value of the transaction goes beyond economics. In consolidating industries, first movers not only win but also have an opportunity to reshape the competitive landscape in an enduring way. The increased cash flow generated by this deal will allow for rapid de-leveraging, greater capital returns to shareholders and enhanced investment in innovation that can put these storied brands at the forefront for decades to come.

“We strongly encourage you to urge HP’s board of directors to pursue this transaction on a friendly basis, starting with the provision of mutual due diligence,” he added.

The presentation, entitled ”HP + Xerox A Value-Creating Combination,” can be found on :

https://www.news.xerox.com/internal_redirect/cms.ipressroom.com.s3.amazonaws.com/84/files/201911/XRXHP-A-Value-Creating-Combination.pdf