• Xerox abandons $35B bid for rival HP amid coronavirus pandemic

    Xerox abandons $35B bid for rival HP amid coronavirus pandemic

    The coronavirus crisis has forced Xerox to abandon its $35 billion attempt at a hostile takeover of larger rival HP. Xerox is withdrawing its cash-and-stock offer for HP because the viral pandemic has created conditions that are “not conducive” to getting the deal done, the Connecticut-based printer maker said Tuesday. “While it is disappointing to …