The office machinery expert's stock nearly doubled thanks to a reasonably successful turnaround effort, capped by a strange hostile takeover bid for a larger rival.
News & Analysis: Xerox Corporation
The markets started Monday morning mixed.
Corporate integrations are already tricky, but doubts about the value of combining Xerox and HP (and the current ill will) only makes this proposed merger messier.
HP rejected a buyout offer from Xerox, and the merger of Bristol-Myers Squibb and Celgene will complete this week.
This merger could still work out, but the final offer would have to be very different -- and perhaps sent in the opposite direction.
The proposed $33 billion merger won’t breathe new life into either aging tech brand.
Why HP and CVS soared on a flat day for the markets.
Wednesday morning didn't bring big changes to stock market indexes.
XRX earnings call for the period ending September 30, 2019.
Markets fell modestly as many investors wait for guidance on the future path of the economy.