Canon to cut ties with HP if Xerox takes over

Hostile bid would create formidable rival to longtime Japan partner

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Canon has supplied parts for HP for more than 30 years, but this could change after a hostile takeover bid by Xerox. © Reuters

SATOSHI MOROTOMI, Nikkei staff writer

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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