Channelnomics Original

0

HP Looks to Share Buybacks, Cost-Cutting to Ward Off Xerox

February 25, 2020

Company releases strategic plan to convince investors to reject its rival’s takeover efforts

HP is proposing massive share buybacks and aggressive cost-cutting as part of a multi-year plan meant to keep investors in the fold and keep them from considering Xerox’s $35 billion bid for the company.