Xerox CEO John Visentin bypassed the board room and delivered his latest pitch directly to HP shareholders outlining the ways a combination of the two companies could create a $66.8 billion print juggernaut with a legacy that surpasses the financial benefits.
“The value of the transaction goes beyond economics. In consolidating industries, first movers not only win but also have an opportunity to reshape the competitive landscape in an enduring way,” Visentin wrote in the letter addressed to HP shareholders. “The increased cash flow generated by this deal will allow for rapid de-leveraging, greater capital returns to shareholders and enhanced investment in innovation that can put these storied brands at the forefront for decades to come.”
Read more here: https://www.crn.com/news/channel-programs/xerox-seeks-to-woo-hp-shareholders-in-latest-merger-volley