TOP NEWS

Xerox offers to take over PC, Printing giantHP Inc.


As reported in the Wall Street Journal, Xerox, in a surprise bid, has offered to takeover HP Inc. for about $30 billion USD. HP acknowledged there are ongoing discussions between the two companies and that it received an offer letter from Xerox. In a statement issued by HP, it said,: “As reviewed at HP’s most recent Securities Analyst Meeting, we have great confidence in our multi-year strategy and our ability to position the company for continued success in an evolving industry, particularly given the multiple levers available to drive value creation.

Against this backdrop, we have had conversations with Xerox Holdings Corporation (NYSE: XRX) from time to time about a potential business combination. We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday.

We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders.”

On the digital production printing side of the market, how HP Indigo and HP's PageWide web press inkjet printing operations would couple with Xerox's current digital toner- and inkjet-based product lines would remain to be seen.

Xerox has already secured an informal funding commitment from a major bank, WSJ reported.

Whether this will actually go through or not is another question altogether. Xerox is offering HP almost a month to consider the deal.

NEWS UPDATE
 

“Technology infusion budget” – Ritesh Gandotra, Xerox
“If this budget had to be known for one thing, it would be the length and breadth of technology infusion across all aspects......more


Xerox secures $24 billion financing for proposed HP takeover
Xerox Holdings Corp has secured $24 billion in financing for its $33.5 billion takeover offer for HP Inc. a deal that the personal computer maker is opposing......more


HP Indigo 7eco Digital press launched at Pamex 2020
HP Inc today announced the launch of HP Indigo 7eco Digital Press at Pamex 2020, which is aimed at boosting productivity & quality bysustainable printing, with the help of advanced technology......more


Xerox India displays future ready production presses at Pamex
Xerox India showcased its range of future-ready digital printing presses, the IridesseColor Production Press, PrinterVersant V3100, Versant 180PrimeLink C9065/C9070 at Pamex.The company also launched the 100ppm Monochrome press, Prime Link B9100.. ......more


Konica Minolta India appoints Kuldeep Malhotra to Board of Directors
Konica Minolta Business Solutions India has appointed Kuldeep Malhotra to its Board of Directors. ......more


HP Inc. rejects Xerox offer but open to deal options
HP’s board of directors have unanimously rejected a proposal from Xerox to acquire the company, because the offer is not in the best interest of shareholders.......more


Xerox launches PrimeLink C9065/C9070 with embellishment capabilities
With speciality printing being one of the fastest-growing digital segments, Xerox developed the Xerox Adaptive CMYK Plus Technology designed for the all-new Xerox PrimeLink® C9065/C9070 Color Printer. ......more


Xerox offers to take over PC, Printing giantHP Inc.
As reported in the Wall Street Journal, Xerox, in a surprise bid, has offered to takeover HP Inc. for about $30 billion USD. HP acknowledged there are ongoing discussions between the two companies and that it received an offer letter from Xerox.......more


Mark Andy Develops Certified Digital Press Rebuild Program
With the introduction of second-generation digital presses, Mark Andy recognized an opportunity to further support converters through expanding their certified rebuild presses to include reconditioned Digital One and Digital Series presses......more


Fujifilm to own 100% of Fuji Xerox
Fujifilm has bought Xerox’s 25 per cent share in Fuji Xerox for US$2.3b with the company that was established 57 years ago as a joint venture to serve the Asia Pacific markets now wholly in the hands of Fujifilm.......more


OnPrintShop introduces simplified Web2Print solution for HP Indigo digital presses
OnPrintShop, a leading print IT business, today announced it will collaborate with HP to deliver its easy-to-use web2print solution via HP PrintOS for HP digital presses. ......more


Fedrigoni acquires Ritrama
Italy-based Fedrigoni has signed an agreement to acquire Italian self-adhesive products makerRitrama. Ritrama, whose products include coated and uncoated roll label paper for consumer product packaging as well as airport luggage tags, reported sales of 400 million euros in 2018. .......more


HP Introduces New Indigo ElectroInks
HP Indigo has announced the release of new special inks for commercial printing — HP Indigo ElectroInk Silver and HP Indigo ElectroInk Premium White......more


Canon Announces Corporate Name Change of Océ to Canon Production Printing
Canon Inc. and Océ Holding B.V. announced the official corporate name (trade name) change of Canon Group company Océ to Canon Production Printing.t......more


 

Mimaki showcases new Hybrid Printer at ITMA 2019
Mimaki Engineering, manufacturer of inkjet printers and cutting systems, demonstratedits brand-new hybrid digital textile printer from the TX300P series at ITMA 2019......more


Eighth Jetsci Colornovo press from Monotech installed at Mumbai
Mumbai based Barcom Industries was the destination for the eighth Jetsci Colornovo inkjet press. Prasanna Sahu, chairman and Uday Lodha, director at Barcom Industries said: ‘We chose Jetsci Colornovo after an extensive research on quality, reliability and productivity it offers. .....more


Durst showcases new fifth generation Alpha technology
Durst, manufacturer of advanced digital printing and production technologies, showcased its proven Alpha comprehensive technology platform at ITMA. ...more


Nancy Graphics enhances signage capacity with new Esko Kongsberg
Mumbai-based Nancy Graphics recently added an Esko Kongsberg X24 cutting table driven by Esko ArtiosCAD software has helped the company to add signage branding solutions and value for its customers......more


HP and Xerox Expand Business Relationship
HP Inc. and Xerox Corporation announced an expansion of the companies’ business relationship. Xerox will source from HP certain A4 and entry-level A3 products with the majority running on Xerox’s award-winning ConnectKey® controller software, and Xerox will supply toner to HP for these and other products. ......more


SPGPrints, Xaar showcases latest Dye Sublimation Innovations at ITMA
SPGPrints has created waterborne sublimation inks specially for the new Xaar 5601 printhead. A technology collaboration between SPGPrints and Xaar was showcased at ITMA 2019
......more


X-Rite Announces i1Pro 3 Plus Color Profiling Device for Imaging Print and Textiles
X-Rite Incorporated and Pantone LLC announced the new i1Pro 3 Plus, a spectral color measurement solution specifically designed for imaging, print, and textile professionals who need advanced calibration and color profiling capabilities
......more


Duplo launches DC-516 slitting machine
Duplohas launched a new concept for finishing in print, the DC-516 a slitter that adapts to specific tasks at the time of production......more

Domino appoints digital printing divisional director
David Ellen, president of Domino Digital Printing North America, has been promoted to the global position of director of the company’s Digital Printing Solutions division.
......more


Kornit announces new NeoPoly inks and printers
Kornit has announced new NeoPoly ink technology as well as a new direct to fabric printer, the Presto, a high volume industrial printer that does away with the need to pre- and post-treat the textiles, and does not consume any water in the printing process.........more


Screen develops blue ink for Truepress Jet L350UV+
SCREEN Graphic Solutions Co., Ltd. has developed a new blue ink intended for use in its high-end Truepress Jet L350UV+ digital label printing system. The ink will be released worldwide in June......more


Robert Pulford appointed Domino new CEO
Following Nigel Bond’s retirement at the end of March 2019, Domino Printing Sciences has appointed Robert Pulford as its new CEO......more

All Copyright Reserved @ Sumi Publications 2019      Site Design: Photo Monkey