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HP Issues Statement Regarding Xerox’s Offer Withdrawal

'We have a healthy cash position and balance sheet that enable us to navigate unanticipated challenges,' HP said in the statement.

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By: Anthony Locicero

Copy editor, New York Post

HP Inc. issued the following statement following Xerox Holding Corporation’s withdrawal of its unsolicited exchange offer and director nominations:

We remain firmly committed to driving value for HP shareholders. HP is a strong company with market-leading positions across Personal Systems, Print and 3D Printing & Digital Manufacturing. We have a healthy cash position and balance sheet that enable us to navigate unanticipated challenges such as the global pandemic now before us while preserving strategic optionality for the future.

Our focus remains on addressing the needs of our ecosystem of stakeholders around the world, ensuring that we build on our strength and resiliency throughout this crisis and position the business for the opportunities ahead.

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