The logo of the company and Xerox will be displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, New York, USA, on March 11, 2019. REUTERS/Brendan McDermid
(Reuters) – Xerox Holdings Corp’s (XRX.S) is / are expected with the proposed acquisition of the pc business, HP Inc., HPQ.(N) to result in an increase in revenue of as much as $1.5 billion for the combined company, according to a presentation by the printer manufacturer.
The presentation will be sent to HP shareholders, will be two weeks after Xerox said it was going to be in the $33.5 billion takeover bid directly to the HP shareholders, HP refused to open its books for due diligence.
Xerox said revenue growth from $1 billion to $ 1.5 billion to be achieved by the use of a three-year plan, with the cross-selling of products and streamlining of operations.
The combined company will have free cash flow of more than $4 billion in the first year synergies of the deal, Xerox will be added.
Last month, HP will be rejected Xerox’s $22 per share offer that consists of $ 17 in cash, and 0.137, Xerox shares for each of the HP-sharing, saying the offer “substantially undervalues HP.
HP does, however, hold the door open for a deal, which would mean that the purchaser is, and said that it is capable of evaluating the merits of a due diligence investigation of Xerox.
Reporting Munsif Vengattil in Bengaluru; Editing by Maju Samuel