ProHoster > Blog > internet news > Xerox's largest shareholder bought $1,2 billion worth of HP shares and is now demanding a merger

Xerox's largest shareholder bought $1,2 billion worth of HP shares and is now demanding a merger

Activist investor Carl Icahn bought a stake in HP Inc for $1,2 billion and is now pushing for it to merge with printer maker Xerox Corp, saying the combination promises greater returns for investors. The Wall Street Journal (WSJ) reported this on Wednesday.

Xerox's largest shareholder bought $1,2 billion worth of HP shares and is now demanding a merger

According to the WSJ, Icahn has a 10,6% stake in Xerox and now owns 4,24% of HP's share capital.

An HP spokesman told Reuters news agency that the company is aware of Icahn's investment and is committed to doing what is in the best interests of all HP shareholders. However, HP did not disclose how many of its shares belong to Carl Icahn.

Reuters Agency reported last week that Xerox had offered HP about $33 billion to acquire it. HP confirmed received an offer, but did not disclose its cost.



Source: 3dnews.ru

Add a comment