The novel coronavirus has dealt the final blow to Xerox Holdings’ $34.9 billion hostile takeover acquisition attempt of HP Inc.
Xerox received all required regulatory approvals and the transaction is expected to close on July 31, 2019.
Holders of approximately 99.7% of common shares present at Xerox’s annual meeting voted in favor of its holding company reorganization.
Xerox raised its full-year EPS guidance despite reporting a $2.2 billion decline in revenues for the first quarter of 2019.
Prior to Xerox, Shanker was chief information officer of HP Inc. There, he led the company’s transition to a digital services business.
“We’re able to achieve optimal quality for books and brochures while remaining competitive,” says Jim Corliss, owner, Braintree.
Xerox is presenting a portfolio of end-to-end solutions designed to help PSPs optimize inkjet production at Hunkeler Innovationdays.
Xerox is holding an Investor Day to provide the investment community details on its strategic initiatives and financial plans.
Q4 results reflect Xerox’s progress on its strategic initiatives to optimize its operations and reenergize its innovation engine.