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Fly News Breaks for November 7, 2019
XRX, HPQ
Nov 7, 2019 | 09:18 EDT
Deutsche Bank analyst Jeriel Ong sees a deal where Xerox (XRX) acquires HP Inc. (HOQ) as "improbable (but not financially impossible)" for the sole reason that Xerox is less than one-third the size of HP at the suggested $22-$23 per share offer. The analyst surmises that both companies are likely early in their discussions surrounding a potential deal. Ong has a Hold rating on HP shares. The analyst adds, however, that the deal appears to be "pretty accretive" to Xerox shareholders.
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