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27 March 2019
Xerox Sale or Breakup Speculation
ROCHESTER, NY—
Xerox may be getting ready for sale. Speculation is growing in the financial community .This after Xerox said it will be converted into a subsidiary owned by a newly created holding company. This will make it easier to sell Xerox as a whole or by divisions . Xerox has already has said that it will sell its leasing unit. The company will also be outsourcing some administrative and support functions. Hewlett Packard ( HP) in 2017 had expressed interest in Xerox.
This was before the scuttled Xerox-Fujiflm merge. HP could end up with Xerox, or at least major divisions. It would not include the leasing division . One thing that may scare HP away is Fujifilm’s $1 billion lawsuit against Xerox for breaking its acquisition deal, which is going ahead. There may be a small chance that , that a deal with Fujifilm can still be worked out. Carl Icahn one of Xerox's largest share holders is known for breaking up companies in order to get his money out.
One result is that its Xerox's share price, as of March, is $32.75 – up from a low of $19 per share last December.
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