November 14, 2019 / 4:07 AM / 24 days ago

Icahn pushes for Xerox-HP merger - WSJ

Nov 13 (Reuters) - Activist investor Carl Icahn is pushing for the proposed merger of Xerox Corp and HP Inc , 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, the Journal said here (Reporting by Maria Ponnezhath; Editing by Subhranshu Sahu)

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