Amidst COVID-19 Backdrop, Xerox Calls Off $34.9B Hostile Takeover Attempt of HP (Includes Commentary)

Just as the COVID-19 outbreak created financial uncertainty on Wall Street and on Main Street, it has also put a deep freeze on impending M&A mega-deals. The novel coronavirus has scuttled Xerox Holdings' $34.9 billion, $24 per share unsolicited, hostile takeover attempt of fellow printing industry icon HP Inc.

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