By Colin Kellaher

Shares of HP Inc. (HPQ) rose more than 7% in premarket trading Wednesday after The Wall Street Journal reported that Xerox Holdings Corp. (XRX) was considering a takeover bid.

HP shares, which closed Tuesday at $18.40, were up 7.6% to $19.77 in premarket trading.

The Journal, citing people familiar with the matter, on Tuesday reported that Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion.

Shares of Xerox, which closed Tuesday at $36.37, slipped 3% in light premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 06, 2019 08:22 ET (13:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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