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HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 02/16/1936
Place of birth : New York (New York) - United States
Linked companies : Icahn Enterprises L.P.
Biography : Mr. Carl C. Icahn is a Chairman at CVR Refining GP LLC, at Icahn Enterprises G.P. Inc., at Icahn Ent

Carl Icahn boosts Xerox stake to over 14%

11/05/2020 | 05:24pm EST
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York

(Reuters) - Billionaire activist investor Carl Icahn raised his stake in U.S. printer maker Xerox Holdings Corp to about 14.4% as of Nov. 5, according to a filing https://www.sec.gov/Archives/edgar/data/921669/000092846420000070/xrxsc13da11052020.htm, months after he backed the company's abandoned takeover of personal computer maker HP Inc.

Xerox's shares rose 3.4% in extended trading on the news.

Icahn, who last reported a stake of 12.9% in Xerox as of Sept. 9, had also built a sizable stake in HP around the time Xerox reached out to it for a merger.

HP Inc rebuffed Xerox's initial offers and Xerox went hostile with its bid but ultimately gave up the pursuit in March due to the coronavirus pandemic.

Icahn dissolved his shared share stake in HP as of the end of June, as per filings with the U.S. Securities and Exchange Commission.

(Reporting by Shariq Khan in Bengaluru; Editing by Vinay Dwivedi and Maju Samuel)


© Reuters 2020 / Crédit photo © Maxppp
Stocks mentioned in the article
ChangeLast1st jan.
ICAHN ENTERPRISES L.P. 1.31% 56.5223 Delayed Quote.10.10%
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