Update: Xerox / HP Takeover Attempt

[prwhite]

Xerox CEO John Visentin has released a statement related to COVID-19 and Xerox’s attempt to Acquire HP. “In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates over & above all other considerations, including its proposal to acquire HP.”

“We believe it’s prudent to postpone releases of additional presentations, interviews with media and meetings with HP shareholders so we can focus our time and resources on protecting Xerox’s various stakeholders from the pandemic.”

You can read more about this here.

 

[Mr Production Print]

That didn't stop Xerox from acquriring two dealerships in the UK, ITEC and Alto Digital this week. Unusual strategy in buying up dealerships. They have spent the last few years slowly getting rid of all their direct salespeople except inkjet and Strategic Accounts. Seems like a strategic U-turn in securing more direct sales channels.