Canon to cut ties with HP if Xerox takes over
Hostile bid would create formidable rival to longtime Japan partner
Canon has supplied parts for HP for more than 30 years, but this could change after a hostile takeover bid by Xerox.
TOKYO -- Canon will end its 35-year relationship with HP if Xerox takes over the U.S. office equipment maker, CEO and Chairman Fujio Mitarai told Nikkei.
Xerox launched a hostile takeover bid Monday for all outstanding HP shares, the latest development in a monthslong push to acquire its rival.
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