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U.S. stock futures are pointing to a tepid Wall Street open, following a day of not much movement that nonetheless resulted in record closes for the Dow and Nasdaq.

Xerox considers a takeover of HP

The copier maker Xerox is considering a cash-and-stock bid for the computer company HP, a move that would unite two fading tech giants that are scrambling to restore their luster, reports Cara Lombardo of the WSJ, citing unnamed sources.With a market value of $27 billion, HP is more than three times the size of Xerox. Any bid would be at a premium to HP’s current stock price, sources said. Xerox’s board reportedly discussed the potential deal yesterday.Bolstering its chances, Xerox expects a $2.3 billion payout from the sale of its 25 percent stake in a joint venture with Fujifilm. Its stock rose about 5 percent yesterday on news of the deal with Fujifilm. And Xerox has received an informal funding commitment from a major bank, Ms. Lombardo reports. HP shares are down 10 percent this year.Both companies are in cost-cutting mode, Ms. Lombardo writes, and a merger could afford new opportunities to shed expenses, by as much as $2 billion, according to her sources.

Walgreens Boots could go private for $70 billion

The global drugstore group has reportedly been exploring the possibility of a take-private deal, according to Bloomberg, in what it says would be the “largest leveraged buyout in history.”“The company has recently held informal talks with private equity firms including KKR,” Bloomberg reports, citing unidentified sources. Walgreens Boots shares rose 3.1 percent yesterday on the news.“Some of the buyout firms have so far shown reluctance to participate in a deal,” it adds. That is in no small part due to the size of the transaction: Walgreens Boots has a market value of about $55 billion and $16.8 billion of debt, so a take-private deal would be bigger than the current largest leveraged buyout — the sale of the utility TXU to KKR and TPG — which was worth about $45 billion including debt.A buyout would relieve the company of the pressure of quarterly reporting and give it some breathing room to cut costs and introduce changes that could help it adapt to a world in which discount stores and e-commerce sites like Amazon have eaten much of its lunch.

Stocks to Watch

Match Group (MTCH) reported better-than-expected profit and revenue for its latest quarter, but the dating service operator's stock was under sharp pressure in premarket trading, after it gave lower than expected current quarter guidance. The parent of Tinder and other services said it expects to incur about $25 million this quarter for discretionary long-term investments and legal costs.WW International (WW) beat estimates by 2 cents with quarterly profit of 68 cents per share, but the Weight Watchers parent saw revenue fall below forecasts and it also gave a current quarter earnings forecast that falls largely below Street estimates. Shares were tanking in the premarket.Cedar Fair (FUN) reported profit of $3.34 per limited partnership unit, 10 cents below estimates, although the amusement park operator's revenue was above forecasts. CEO Richard Zimmerman said Cedar Fair is on its way to reporting the best year in the company's history.