Deals
Icahn Amasses 7.13% Stake in Xerox, May Seek Board Seats
- Billionaire activist intends talks on Xerox performance
- Xerox discussions will also relate to `strategic alternatives'
Why Is Carl Icahn Interested in Xerox?
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Carl Icahn, the billionaire activist investor, said he amassed a 7.13 percent stake in Xerox Corp., and intends to hold discussions with management and the board.
Icahn will speak with Xerox leadership over “improving operational performance and pursuing strategic alternatives, as well as the possibility of board representation,” according to boilerplate language in a regulatory filing Monday. He views Xerox shares, which have declined 22 percent this year, as undervalued.