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.