REPORT: Xerox Making Cash and Stock Offer to HP

Xerox is offering computer maker HP 22-dollars per share in a takeover bid. CNBC is reporting the bid includes 77-percent cash and 23-percent stock.

HP is worth more than three times what Xerox is in terms of market cap.

HP's stock is up more than two-percent in early trading to just under 20-dollars per share. Xerox is up slightly, about a third of percent in early trading.

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