HP Inc responds to Xerox takeover withdrawal

Tech vendor HP Inc, recently issued a statement following Xerox Holding Corporation’s withdrawal of its unsolicited exchange offer and director nominations.

The company stated that it remains firmly committed to driving value for HP shareholders. “HP is a strong company with market leading positions across personal systems, print, and 3D printing and digital manufacturing. We have a healthy cash position and balance sheet that enable us to navigate unanticipated challenges such as,” the vendor said in a statement. “Our focus remains on addressing the needs of our ecosystem of stakeholders around the world, ensuring that we build on our strength and resiliency throughout this crisis and position the business for the opportunities ahead.”

The company thanked its shareholders, partners, customers and employees for their input and continued support through this process.