Xerox secures $24B in financing for HP takeover efforts
NORWALK, Connecticut and PALO ALTO, California — Xerox Holdings Corp. (NYSE: XRX) said it landed $24 billion in financing over the weekend as it attempts to acquire HP Inc. (NYSE: HPQ), the latest development in a takeover saga that could affect hundreds of employees in Fort Collins.
The Norwalk, Connecticut-based printer maker released a previously confidential letter from Citigroup, Mizuho Bank and Bank of America to provide the funding for “Project Late Night,” the proposed takeover’s codename.
In a separate letter to HP CEO Enrique Lores and board chairman Chip Bergh, Xerox said it secured the…
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