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HP Inc (HPQ) USD0.01

Sell:$14.48 Buy:$14.49 Change: $1.01 (6.52%)
Market closed |  Prices as at close on 3 April 2020 | Switch to live prices |
Takeover

HP Inc

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 26 Mar 2020)

What is happening?

 

The Board of Xerox Holdings Corp recently announced the terms of a Takeover Offer to acquire the entire outstanding issued Share Capital of HP Inc. As a holder of HP Inc Shares held within your Hargreaves Lansdown Account you have been offered USD18.40 in cash and 0.149 of a Xerox Holdings Corp Share for each HP Inc Share held.

 

Please note that the Board of HP Inc have recommended that HP Inc Shareholders reject the Offer and have commented: “Our message to HP shareholders is clear: the Xerox offer undervalues HP and disproportionately benefits Xerox shareholders at the expense of HP shareholders… The Xerox offer would leave our shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and which would subsequently require unrealistic, unachievable synergies that would jeopardize the entire company.” (Source: Company Announcement, 5 March 2020)

 

Mix & Match Facility

 

A Mix and Match Facility is available allowing you to vary the proportion of cash and Shares you receive under the Offer. You may elect to receive additional Xerox Holdings Corp Shares in lieu of cash or additional cash in lieu of Xerox Holdings Corp Shares. Please note that elections for excess Shares or cash will only be satisfied to the extent that other Shareholders make equal and opposite elections and may therefore be subject to pro rata scaling back, i.e. you may still receive a combination of both cash and Shares.

 

Please note that the Xerox Holdings Corp have not announced the specific amounts in respect of how much cash or how many Shares you would receive if you elect for either maximum cash or maximum Shares, however the total value of any cash and Shares received will be USD24.00.

 

How do I make a choice?

 

If you wish to make an election to receive the basic terms of the Offer or maximum cash or Shares you must give us an instruction before our deadline of noon on Wednesday 15 April 2020. Cash and Shares in respect of elections will be credited to your Account upon receipt from the Registrar.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$14.48
Buy:$14.49
Change: $1.01 (6.52%)
Market closed |  Prices as at close on 3 April 2020 | Switch to live prices |
Takeover

HP Inc

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 26 Mar 2020)

What is happening?

 

The Board of Xerox Holdings Corp recently announced the terms of a Takeover Offer to acquire the entire outstanding issued Share Capital of HP Inc. As a holder of HP Inc Shares held within your Hargreaves Lansdown Account you have been offered USD18.40 in cash and 0.149 of a Xerox Holdings Corp Share for each HP Inc Share held.

 

Please note that the Board of HP Inc have recommended that HP Inc Shareholders reject the Offer and have commented: “Our message to HP shareholders is clear: the Xerox offer undervalues HP and disproportionately benefits Xerox shareholders at the expense of HP shareholders… The Xerox offer would leave our shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and which would subsequently require unrealistic, unachievable synergies that would jeopardize the entire company.” (Source: Company Announcement, 5 March 2020)

 

Mix & Match Facility

 

A Mix and Match Facility is available allowing you to vary the proportion of cash and Shares you receive under the Offer. You may elect to receive additional Xerox Holdings Corp Shares in lieu of cash or additional cash in lieu of Xerox Holdings Corp Shares. Please note that elections for excess Shares or cash will only be satisfied to the extent that other Shareholders make equal and opposite elections and may therefore be subject to pro rata scaling back, i.e. you may still receive a combination of both cash and Shares.

 

Please note that the Xerox Holdings Corp have not announced the specific amounts in respect of how much cash or how many Shares you would receive if you elect for either maximum cash or maximum Shares, however the total value of any cash and Shares received will be USD24.00.

 

How do I make a choice?

 

If you wish to make an election to receive the basic terms of the Offer or maximum cash or Shares you must give us an instruction before our deadline of noon on Wednesday 15 April 2020. Cash and Shares in respect of elections will be credited to your Account upon receipt from the Registrar.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$14.48
Buy:$14.49
Change: $1.01 (6.52%)
Market closed |  Prices as at close on 3 April 2020 | Switch to live prices |
Takeover

HP Inc

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 26 Mar 2020)

What is happening?

 

The Board of Xerox Holdings Corp recently announced the terms of a Takeover Offer to acquire the entire outstanding issued Share Capital of HP Inc. As a holder of HP Inc Shares held within your Hargreaves Lansdown Account you have been offered USD18.40 in cash and 0.149 of a Xerox Holdings Corp Share for each HP Inc Share held.

 

Please note that the Board of HP Inc have recommended that HP Inc Shareholders reject the Offer and have commented: “Our message to HP shareholders is clear: the Xerox offer undervalues HP and disproportionately benefits Xerox shareholders at the expense of HP shareholders… The Xerox offer would leave our shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and which would subsequently require unrealistic, unachievable synergies that would jeopardize the entire company.” (Source: Company Announcement, 5 March 2020)

 

Mix & Match Facility

 

A Mix and Match Facility is available allowing you to vary the proportion of cash and Shares you receive under the Offer. You may elect to receive additional Xerox Holdings Corp Shares in lieu of cash or additional cash in lieu of Xerox Holdings Corp Shares. Please note that elections for excess Shares or cash will only be satisfied to the extent that other Shareholders make equal and opposite elections and may therefore be subject to pro rata scaling back, i.e. you may still receive a combination of both cash and Shares.

 

Please note that the Xerox Holdings Corp have not announced the specific amounts in respect of how much cash or how many Shares you would receive if you elect for either maximum cash or maximum Shares, however the total value of any cash and Shares received will be USD24.00.

 

How do I make a choice?

 

If you wish to make an election to receive the basic terms of the Offer or maximum cash or Shares you must give us an instruction before our deadline of noon on Wednesday 15 April 2020. Cash and Shares in respect of elections will be credited to your Account upon receipt from the Registrar.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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Performance

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