HP says it has received a 'proposal' from Xerox

NEW YORK — Computer and printer maker HP Inc. said Wednesday it had received a "proposal" from copier maker Xerox and has had conversations "from time to time" with the company about a potential business combination.

HP said Wednesday that it received the proposal on Tuesday but did not provide details. It said it will do what is in the best interests of its shareholders.

Xerox did not immediately reply to questions.

The Wall Street Journal on Tuesday reported that Xerox was considering making a bid for HP.

Both companies have faced difficulties as the demand for printed documents and ink have waned. They have both been trying to cut costs to boost results.

You may also interested in

US stocks take small losses as energy companies slide

Aug 19, 2016

US stocks take small losses as the dollar regains a bit of strength and energy companies trade lower

Best Buy posts higher profit, better online and store sales

Aug 23, 2016

Best Buy's profit has jumped 21 percent for the second quarter

Beer mega merger: what court ruling means for troubled deal

Aug 23, 2016

A British court has recommended that two classes of shareholders be created and vote separately on AB InBev's 79 billion pound ($104 billion) takeover of SABMiller

People also read these

Self-driving cars go public; Uber offers rides in Pittsburgh

Aug 18, 2016

The option to hail a ride in a self-driving car will soon be available to Uber users in Pittsburgh

Best Buy posts higher profit, better online and store sales

Aug 23, 2016

Best Buy's profit has jumped 21 percent for the second quarter

Ford recalls over 88K vehicles due to stalling problem

Aug 24, 2016

Ford is recalling more than 88,000 cars and SUVs because the engines can stall without warning due to a fuel pump problem

Emporium Post fulfils the need to know all things about consumers and how businesses can take this opportunity to reach their own customers.

Contact us: sales@emporiumpost.com

Join our mailing list now!