As we ring in the new year, it seems a good time to reflect on the big industry changes we saw in 2019:
Xerox first proposed acquiring HP on November 5th, offering $22 per share, which the HP board of directors unanimously rejected November 17th as it “significantly undervalues HP.”
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It’s been a long road but HP Inc. has successfully completed its acquisition of the Samsung printer business at last. The deal, first announced in September 2016, is valued at $1.05 billion. Additionally, Samsung will make a $100-300 million equity investment in HP through open market purchases. There was some concern earlier this year that Samsung’s many legal and political woes might endanger the HP acquisition but the process has concluded relatively smoothly. Samsung’s exit from the printer business is thought to be “part of a broader restructuring process at Samsung as part of which the company is trimming its business through the divestiture of non-core assets.”
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