Xerox Secures $24 Billion Loan in Pursuit of HP Deal

The transcript discusses Xerox's securing of $23 billion in financing, with three banks involved, including Citigroup. This move strengthens Xerox's bid for HP, though HP's response remains unknown. Carl Icahn, a key figure, supports the merger but is neutral on company control. A proxy window has opened, allowing potential director nominations by Xerox or Icahn to facilitate the deal.

What amount of financing has Xerox secured to support its bid for HP?

• $30 billion

• $20 billion

• $23 billion

• $25 billion

Which financial institution was already advising Xerox?

• Goldman Sachs

• JPMorgan Chase

• Citigroup

• Bank of America

What is the current uncertainty regarding the Xerox and HP situation?

• Xerox's financial stability

• HP's response to the bid

• The role of Citigroup

• The involvement of other banks

What is Carl Icahn's public stance on the merger between Xerox and HP?

• He supports the merger

• He wants to lead HP

• He opposes the merger

• He is undecided

What action might Xerox or Carl Icahn take to facilitate the merger?

• Merge with another company

• Increase the bid amount

• Nominate their own directors

• Withdraw the bid