ROCHESTER . NEW YORK—  Xerox Secures $24 Billion in Binding Financing Commitments for HP Acquisition. Xerox Holdings Corporation has sent a letter to the Board of Directors of HP Inc. confirming that it has obtained $24 billion in binding financing commitments from Citi, Mizuho and Bank of America to finance it's acquisition of Hewlett Packard ( HP) . HP voiced reservations including Xerox's  prospects, given the $1 billion sales shrinkage , and the impact of "outsized debt levels" after a buy out by Xerox . HP had a market cap three times the size of Xerox at $27.27bn . Also a number of shareholder of Xerox are sueing  activist investor Carl Icahn alleging that he bought HP Inc shares with the knowledge that Xerox was considering buying the stock at a premium.