Xerox pauses HP hostile takeover, proxy fight amid virus outbreak

The printer maker said it would be forced to take a break from its hostile takeover and proxy fight in the wake of the pandemic

Xerox Holdings said it will pause its public pursuit of HP Inc amid the outbreak of the coronavirus.

“Xerox needs to prioritise the health and safety of its employees, customers, partners and affiliates over and above all other considerations, including its proposal to acquire HP,” Xerox Chief Executive Officer John Visentin said in a statement Friday, adding that the company continues to monitor the situation closely.

Norwalk, Connecticut-based Xerox intends to continue its pursuit of HP when the pandemic stabilises, according to a person familiar with the matter, who asked to not be identified because the matter isn’t public. A representative for