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The Norwalk-based company thanked the "banks who agreed to finance this acquisition."
The company insisted that a plummeting stock market played no role in its decision.
Xerox CEO John Visentin said HP shareholders "will receive $27 billion in immediate, upfront cash."
Reuters reported that additional Greenwich dinner meetings could be possible in the coming days.
Icahn reportedly held no HP stock as of June 30, but by September he was the company’s fifth largest shareholder.
"We believe it is important to emphasize that we are not dependent on a Xerox combination," the HP leaders stated.