Xerox withdraws HP hostile takeover bid amid coronavirus economic 'turmoil'

Xerox withdraws HP hostile takeover bid amid coronavirus economic 'turmoil'

Xerox has withdrawnits hostile takeover bid of HP, citing economic disruption amid the coronavirus pandemic, which has wreaked havoc on global stock markets.The company announced it was pulling out of the increasingly fraught takeoverTuesday, and would not seek to nominate candidates to HP’s board [...]