Menu
Xerox puts HP buyout sales growth forecast at $1.5B

Xerox puts HP buyout sales growth forecast at $1.5B

Xerox said revenue growth of US$1 billion to US$1.5 billion can be achieved through a three-year roadmap

Credit: Reuters

Xerox expects its proposed acquisition of personal computer company HP to result in sales growth of as much as US$1.5 billion for the combined company, according to a presentation by the printer maker.

The presentation, addressed to HP shareholders, comes two weeks after Xerox said it was planning to take its US$33.5 billion buyout bid directly to HP shareholders after HP refused to open its books for due diligence.

Xerox said revenue growth of US$1 billion to US$1.5 billion can be achieved through a three-year roadmap, which involves cross-selling products and streamlining operations.

The combined company will have a free cash flow of more than US$4 billion in the first year before any synergies, Xerox added.

Last month, HP rejected Xerox's US$22 per share offer that consists of US$17 in cash and 0.137 Xerox share for each HP share, saying the offer "significantly undervalues HP".

HP, however, has left the door open for a deal that would involve it becoming the acquirer and said it can evaluate the merits by a due diligence of Xerox.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Events

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments