Xerox Pauses Campaign to Take Over HP as Coronavirus Pandemic Escalates

Company taking action ‘in light of the escalating Covid-19 pandemic,’ CEO John Visentin says

The Dow Jones Industrial Average closed Wednesday 20% below its February high, officially ending its longest bull run and entering bear-market territory. WSJ's Gunjan Banerji explains what it means and how we got here. Photo: Andrew Kelly/Reuters
By

Dave Sebastian

Xerox Holdings Corp. said it is putting its campaign to take over HP Inc. on hold, a sign that the coronavirus pandemic is affecting deal making.

The company said Friday it is postponing additional presentations, interviews with the press and meetings with HP shareholders.

“In light of the escalating Covid-19 pandemic, Xerox needs to prioritize...

To Read the Full Story
Subscribe

Continue reading your article with
a WSJ membership

View Membership Options