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HP confirms Xerox bid

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HP (NYSE:HPQ) confirms receiving a proposal from Xerox (NYSE:XRX) yesterday, which came after periodic conversations about a potential combination.

HP: “We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders.”

HP shares are up 1% after hours and XRX is flat.

Source: M A News on Seeking Alpha