The rate that the stock market slump is going and taking almost all stocks down with it, how is Icahn going to afford to buy HP? Remember that Xerox stocks were part of the deal. Looks like the stock market will determine Icahn's fate.
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if you have not sold your stock , I bet your are pulling your hair right now ! should of got out at 39 it had no where to go but down , now you have lost half of it , it will not recover and more layoffs ahead
https://www.crn.com/news/components-peripherals/xerox-takeover-offer-for-hp-could-take-a-hit-from-stock-price-collapse
That is what this article muses too.
@18Cv
With the Fed cutting rates and the likelihood of company's defaulting on existing loans due to suddenly revenue suddenly falling off a cliff, especially in the oil, transportation, and travel industries, banks should be less inclined to loan the amount of money that Xerox will need to buy HP due to it's inherent risk. Of course, Carl will likely still try to figure out a way how to lose other people's money to get this deal done because his pride now demands it.
PS - The schools in my town and neighboring towns are printing out 2 to 3 weeks of class materiel right now in case they are shut down. Thus, some printing firms may see a short-term boost in revenue.
$24 price include Xerox stock, which is now worth less money. HPQ took a hit also.
Xrx stock now at 52 week low.
Hope it hurts Icahn.
HP will be cheaper too... Maybe $24 starts looking better.