Business Management - Finance/Financial

HP Board Response to Xerox $24B Financing: Proposal Significantly Undervalues HP
January 10, 2020 at 11:48 am

Xerox claims its $33.5 billion acquisition offer amounts to an implied value of $31 per share to HP shareholders, and says HP shareholders would own about 48% of the combined company. But HP's board of directors contends the offer is not high enough to bring HP to the bargaining table for due diligence discussions.

Xerox Secures $24B in Financing Commitments for Proposed HP Acquisition
January 7, 2020 at 10:26 am

Xerox Holdings sent a letter to the Board of Directors of HP Inc. and issued a press release Jan. 6, confirming that it has obtained $24 billion in binding financing commitments from Citi, Mizuho, and Bank of America to complete its proposed $33.5 billion cash-and-stock offer to acquire HP Inc.

Who Are the Largest Commercial Printers?
January 2, 2020 at 4:56 pm

Printing Impressions' annual compilation of the 400 largest printing companies, as ranked by annual sales volume, serves as a microcosm of the key trends and market dynamics that are impacting the graphic arts industry.

UPS Quietly Announces 2020 General Rate Increase
November 22, 2019 at 12:08 pm

Effective December 29, UPS Ground, UPS Air and International services rates will increase by an average of 4.9%. If you ship using two- or three-day, long-zone express, or ship to remote areas, your increase will likely be even larger.

US Postal Service Reports $8.8 Billion Net Loss for Fiscal Year 2019
November 20, 2019 at 12:59 pm

The net loss for the year was $8.8 billion, an increase in net loss of $4.9 billion compared to 2018. Approximately $3.4 billion of this increase in net loss was the non-cash impact of discount rate changes on actuarial calculations affecting workers' compensation expense.

Fujifilm, Xerox Reach $2.3B Agreement
November 6, 2019 at 10:04 am

Fujifilm and Xerox have settled their differences and reached a definitive agreement regarding the Fuji Xerox joint venture.