Looks to me that they deliberately transformed into a holding so they could sell the company, bit by bit. Is there an interested potential buyer in the world that could by the whole company. Is a scenario like this even a posibility?
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I agree it will get sold but not in one whole piece. It will be sold in parcels. That’s the reason for the holding company structure change. HP wouldn't want the whole thing. Nor would anyone else, except (maybe) fujiFilm.
You're crazy, this whole HCL debacle is going to k--l the existing business that is, whoever would buy is going to have one hell of a mesx to clean up and how do you explain the 7 year deal they did with HCL.
what if a new buyer wanted nothing to do eith them?
You are allowing your emotions to cloud your judgment if you believe there isn't a buyer for Xerox. Xerox will be sold, there is no doubt about that. In fact, I believe Icahn already has a buyer but is cleaning up the previous Xerox bureaucratic mess because the buyer didn't want to do it after the acquisition.
This way, Carl, John, Steve & Mike can all be the evil corporate raiders (while laughing all the way to the bank). They are handling all the dirty work (and being paid handsomely to do so) just so the buyer (HP) doesn't look like the bad guy. They (HP) wants to be the knight in shining armor who saves an American business icon while accessing the SMB A3 market and MDS contracts they so desperately need.
It will all be clear before the end of the year.
About the same chance that someone wants to revive and bring back Blockbuster!
No chance they find a buyer (other than fujiFilm) for the whole company.
Visentin is probably only in it for a couple of years but heck, he and/or his gang could find seats at the table in the acquiring companies.
Can anyone explain what the two links users posted are about? Something about John V's offer letter - but what does it mean?
Over the part 15 years, several companies looked at acquiring part or all of Xerox. Among them HP, IBM and Dell. Every time, the decision to not acquire was based on them realizing Xerox is a structural mess with antiquated systems and processes. For example, Xerox routinely incorrectly bills customers in the customer's favor. This has gone unresolved for decades. The company is unnecessarily complex.
Icahn has said the industry has too many players and needs to consolidate. John V. and Steve B. are restructuring the company in a way that will make it much easier to unload in pieces or whole. Especially if they can unload the leasing business. Then you would have a company that was almost debt free.
https://www.sec.gov/Archives/edgar/data/108772/000119312519109812/d735925dex10b.htm
http://investors.xerox.com/node/22376/html
No.