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Xerox Makes formal offer for HP inc

Xerox has indeed made a bid for HP for more than $30bn. Xerox made a cash and stock offer on Tuesday. Many analysts see it as unlikely that this deal would go through, given the number of hurdles it may face. Although many hp stock holders will find it an attractive offer, believed to be about $22 per share with the deal being largely financed by Citigroup.

FT Analysis here: