Xerox says it has lined up “binding financing commitments” to raise the cash it needs for its $33 billion cash-and-stock takeover offer for HP. The statement could force HP to come to the table to negotiate a deal. Xerox made an offer to buy HP last November for $22 a share, several dollars above HP’s stock price that had hit a low of $16.96 in early October. But HP, which is several times...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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