Mergers and acquisitions

HP has implemented a shareholder rights plan or 'poison pill', that will make it more difficult for Xerox to progress with its hostile takeover bid.

HP wants its shareholders to have “full information” on its earnings and inherent value before it responds to Xerox’s increased bid for the company.

Komori has signed a deal to acquire MBO Group, with the aim of making the German paper folding machine manufacturer a Komori subsidiary.

Mailbox DM, the direct mail operation rescued from last week’s administration of Taylor Bloxham Group, is fully up and running again as of today.

Xerox has increased its hostile takeover offer for HP to $24 (£18.56) per share following several previous rejections by HP.

Administrators from FRP Advisory have confirmed their appointment at Taylor Bloxham Group, with most of its operations being shut down immediately although one part of the business has been sold.

Monotype has acquired London-based boutique type foundry Fontsmith to boost its expertise and bolster its already extensive typeface library.

HP has called Xerox “a company of questionable value” after the business, which continues to pursue a hostile takeover of HP, reported a 6.2% revenue drop for 2019 and a 2.2% decline in Q4.

A financial analyst following Xerox has said the manufacturer may need to increase its bid for HP from $22-per-share (£16.89) to $26 in order to attract the company’s board and shareholders.

Dayfold has expanded its offering by moving into SRA1, and has also acquired the goodwill of shuttered Bath printer Emtone.