Xerox is offering $22 per share in a $32.6 billion bid that is 77% cash and 23% stock. That's $17 cash and 0.137 Xerox share for every HP share. Right now Xerox is at 37.66, down 0.10, and HP is at 19.48, down 0.08.
Xerox makes takeover offer for HP
The merger would combine two once-formidable, print-focused companies as demsnd for printed documents and ink has waned.
https://www.nytimes.com/2019/11/07/t...ver-offer.html