Xerox Secures $24 Billion in Binding Financing Commitments for HP Acquisition

 Holdings Corporation recently sent a letter to the Board of Directors of HP Inc. Confirming that it has obtained $24 billion in binding financing commitments from Citi, Mizuho and Bank of America to complete its value-creating combination with HP.

Over the last several weeks, Xerox has engaged in constructive dialogue with many of their shareholders regarding the strategic benefits of their proposal to acquire HP.

Report reaching us shows that it remains clear that bringing their companies together would deliver substantial synergies and meaningfully enhanced cash flow that could, in turn, enable increased investments in innovation and greater returns to shareholders

According to the Vice Chairman and CEO of Xerox Holdings Corporation- John Visentin, he says: “My offer stands to meet with you in person, with or without your advisers, to begin negotiating this transaction” He stated.