Xerox gets lenders to woo HP shareholders

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By Mike Turner
07 Jan 2020

Xerox has secured $24bn in financing for its unsolicited debt backed bid for rival technology company HP, as the acquisitive firm looks to quell HP shareholder worries about how it will fund the jumbo deal.

Citi, Mizuho and Bank of America have agreed to provide the financing for the circa $33bn offer, as Xerox looks to garner approval of HP’s shareholder. Citi is also acting as financial advisor to Xerox.

In November, HP’s board rejected Xerox’s offer of $22 a share, saying that it ...

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