Filed by Xerox Holdings Corporation
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: HP Inc.
(Commission
File No. 001-04423)
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News from Xerox Holdings Corporation
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Xerox Holdings Corporation
201 Merritt 7
Norwalk, CT
06851-1056
tel
+1-203-968-3000
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Xerox Releases Statement Related to COVID-19 and its Proposal to Acquire HP
NORWALK, Conn., March 13, 2020 Xerox Holdings Corporation (NYSE: XRX) (Xerox) today issued the following statement:
In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of
its employees, customers, partners and affiliates over and above all other considerations, including its proposal to acquire HP, said John Visentin, Xerox vice chairman and chief executive officer. As we closely monitor reports from
government and healthcare leaders across the globe and work with colleagues in the business community to minimize the spread and impact of the virus, we believe it is prudent to postpone releases of additional presentations, interviews with media
and meetings with HP shareholders so we can focus our time and resources on protecting Xeroxs various stakeholders from the pandemic.
For the
avoidance of doubt, Xerox does not consider the market decline since the date of its offer or the temporary suspension of trading in HP shares that occurred on March 10, 2020 and March 12, 2020 as a result of market-wide circuit breakers
procedures to constitute a failure of any condition to its offer to acquire HP. Xerox will take the same view on any future temporary trading halts, unless otherwise stated in advance.
Citi is acting as Xeroxs financial advisor, and King & Spalding LLP is providing legal counsel to Xerox. Willkie Farr & Gallagher LLP
is providing legal counsel to Xeroxs independent directors, and Moelis & Company is acting as financial advisor to Xeroxs independent directors.
About Xerox
Xerox Holdings Corporation (NYSE: XRX)
makes every day work better. We are a workplace technology company building and integrating software and hardware for enterprises large and small. As customers seek to manage information across digital and physical platforms, Xerox delivers a
seamless, secure and sustainable experience. Whether inventing the copier, Ethernet, the laser printer or more, Xerox has long defined the modern work experience. Learn how that innovation continues at xerox.com.
Forward-Looking Statements
This communication, and other
written or oral statements made from time to time by management contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The words anticipate, believe,
estimate, expect, intend, will, should, targeting, projecting, driving and similar expressions, as they relate to us, our performance and/or our
technology, are intended to identify forward-looking statements. These statements reflect