Icahn pushes for Xerox-HP merger - WSJ

FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo - Copyright Brendan McDermid(Reuters)

By Reuters

Published on 14/11/2019 - 05:34•Updated 24/04/2024 - 01:51

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(Reuters) - Activist investor Carl Icahn is pushing for the proposed merger of Xerox Corp <XRX.N> and HP Inc <HPQ.N>, arguing that a union of the printer makers could make big profits for investors, the Wall Street Journal reported on Wednesday.

Icahn, who owns a 10.6% stake in Xerox, has now taken a 4.24% stake in HP, valued at roughly $1.2 billion (£937.8 million), the Journal said.