Report: Arkansas has stopped paying Bielema’s buyout
The former head coach and his agent are going to court over the payments on the nearly $12 million buyout.How is that possible? Well, the school has apparently decided to simply stop paying Bielema as part of a contract dispute with the ex-coach and his agent per the Arkansas Democrat Gazette:
HP has been receiving buyout offers as of late, but it's not ready to lose its independence -- at least , not yet. The tech pioneer has rejected a Xerox proposal to buy the company for per share, arguing that the current offer "undervalues" HP and isn't in shareholders' "best interests."
HP said on Sunday that it had turned down a takeover offer from Xerox , rejecting a deal that would have brought together two once-formidable printing companies that have faced business difficulties as demand for printed documents and ink has waned.
HP has been receiving buyout offers as of late, but it's not ready to lose its independence -- at least, not yet. Thehas a Xerox proposal to buy the company for $22 per share, arguing that the current offer "undervalues" HP and isn't in shareholders' "best interests." It also cast doubt on Xerox's ability to pull off the deal in the first place, noting Xerox's declining revenue and the prospect of massive debt for the combined company.
However, HP not so subtly hinted that it was open to a better deal. The HP board told Xerox that "substantive engagement" from executives and access to relevant information could help it gauge the value of a deal. It's not averse to being acquired, then, but it does want to know that any buyout will make sense.
The Xerox Phaser 6022/NI wireless color laser printer is now just $70
You can snag this printer for about what it might cost to replace the ink in your current printer.The Xerox Phaser 6022NI is a wireless color laser printer that's available for $70.
HP rejected a billion takeover offer from Xerox as too low but the PC and printer maker made clear it is interested in discussing a deal to combine with its smaller rival. Xerox had offered to buy HP for a share in cash and stock. Photo: Elise Amendola/Associated Press.
HP rejected the offer , saying that it has “great confidence” in its ability to deliver long-term value. Its board also said it had “significant questions” about the trajectory of Xerox ’s business and prospects, particularly given a recent decline in its revenue. A representative for Xerox , which is based in
The bid appears to have been prompted by activist investor Carl Icahn, who's well-known for trying to push companies together. He recently bought a $1.2 billion stake in HP and owns a 10.6 percent slice of Xerox, and hasn't been shy about arguing that a combined HP-Xerox would both save money and thrive.
HP has reasons to both give in and hold out. In October, it announced plans to cut up to 9,000 jobs (about 16 percent of its current headcount) between now and the end of its fiscal 2022. It isn't in dire straits when its profits grew this summer, but it clearly wants to tighten its belt. At the same time, selling to Xerox would mark the end of an era -- one of Silicon Valley's oldest companies would lose some control over its destiny. This wouldn't be a trivial move for HP, even if it made financial sense.
Values to follow on Wall Street
Main values to follow Thursday on Wall Street where futures indicate a slightly higher opening.
* JOHNSON & JOHNSON and FORTIVE - The US pharmaceutical and healthcare giant announced on Wednesday that it has received a $ 2.7 billion (€ 2.3 billion) cash offer from its compatriot Fortive for its products sterilization of instruments.
* XEROX - Fujifilm Holdings announced Thursday it could forgo plans to merge $ 6.1 billion (5.2 billion euros) with Xerox if talks with the new board of directors of the US group does not not progress quickly.
* TESLA - It is unlikely that the electric car manufacturer will achieve its goal of producing 5,000 Model 3 sedans a week before the first quarter of 2019, reads Morgan Stanley. The stock gained 9.75% on Wednesday, or $ 5 billion in market capitalization, after comments by CEO Elon Musk, who said he was confident the group's ability to meet the target at the end of the month. The title gives up 0.5% in avant-Bourse.
* ALLERGAN - Activist investor Carl Icahn holds a small stake in the US lab, which is seeking to sell its women's health and infectious disease businesses, Bloomberg reported on Wednesday, without specifying the amount. The title takes 2.7% in avant-Bourse.
* AMAZON won for the first time the rights to broadcast matches of the English Football Championship for the period 2019 to 2022, for an amount that was not communicated. The US online sales group will broadcast 20 games per season on its Prime Video streaming service.
* LEIDOS - The Capgemini Group has announced the purchase of Leidos' cybersecurity division for an unspecified amount.
* AMTRUST FINANCIAL SERVICES - Insurance Group Advances 3.2% in Pre-Market After Endorsed by Group of Investors Grouped into Evergreen Parent, Up $ 2.95 Billion dollars to get the green light from activist shareholder Carl Icahn.
* AT & T - Jefferies lowers its recommendation to "buy" to "keep" and revises its price target to $ 35 from $ 40.
* THOMSON REUTERS announced Thursday a new share buyback program for one billion dollars (850 million euros).
* JM SMUCKER loses 8% on-the-go after reporting Thursday a quarterly turnover and annual forecasts lower than expected due to weak demand for its products like Crisco margarine and peanut butter .
* FIRST SOLAR - The manufacturer of solar panels loses 2.9% in avant-Bourse and is moving towards a seventh consecutive session of decline. Goldman Sachs lowered his recommendation on the title to "sell" against "neutral".
Federal judge rejects bid to kill Keystone pipeline lawsuits .
A federal judge ruled Friday that environmentalists and indigenous tribes can proceed with lawsuits against the Trump administration's approval of the Keystone XL oil pipeline from Canada. © Getty Images Federal judge rejects bid to kill Keystone pipeline lawsuits U.S. District Judge Brian Morris, an Obama appointee, dismissed the government's arguments that President Trump has total authority to approve the $8 billion pipeline and said that the Rosebud Sioux and Fort Belknap Indian tribes made credible claims that the line violated their treaty rights.