Xerox Holding has stated that it saved $24 billion to fund its offer to acquire HP for
$33.5 billion in a deal that was matched by a PC company.
HP turned down an offer to buy its shares for $22 last November, saying it had not reached much of the company's value, and after that rejection, printer-producing company
In December, Carl Icahn, who owns 4.2% in HP and 10.9% in Xerox, urged HP shareholders agreeing to merge with Xerox by contacting company managers for immediate action.
It is reported that HP had previously announced that it would agree to a deal whereby it would acquire Xerox, saying it was aware and aware of the potential