“American companies need to take a stand,” said Merck CEO Kenneth Frazier and former American Express CEO Kenneth Chenault.
The billionaire activist investor raised his stake from the last report of 12.9% as of two months ago.
The printer maker plans to produce 140,000 gallons of hand sanitizer gel by June to fight the spread of coronavirus.
Company chart and information is provided by TradingView based on 15-minute-delayed data.
Xerox is an original equipment manufacturing and software company. Xerox operates in one segment--design, development and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S., and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.
| Website: | www.xerox.com |
| Email: | ann.pettrone@xerox.com |
| Main Phone: | +1 203 849-5216 |
| Address: | 201 Merritt 7 |
| Address 2: | P.O. Box 4505 |
| State: | CT |
| City / Town: | Norwalk |
| Country: | US |
| Postal Code: | 06851-1056 |
| Exchange: | NYE |
| CEO: | Giovanni Visentin |
| Employees: | 24700 |
| NAICS: | All Other Business Support Services(561499) |
“American companies need to take a stand,” said Merck CEO Kenneth Frazier and former American Express CEO Kenneth Chenault.
The billionaire activist investor raised his stake from the last report of 12.9% as of two months ago.
The printer maker plans to produce 140,000 gallons of hand sanitizer gel by June to fight the spread of coronavirus.
Xerox’s decision came after it said previously that it would postpone meetings with HP shareholders to focus on coping with the coronavirus pandemic.
HP says the revised $35 billion bid still undervalues the company.
Xerox will move forward with its plans to replace HP’s board with its own nominees in a shareholder vote.
Xerox is hosting a dinner for HP shareholders this week as it seeks investor support to overcome resistance to its $35 billion takeover bid.
The latest $24 per share bid values HP at $35 billion.
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Examining companies with technical breakouts complementing good news.
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