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Icahn discloses 7.1% stake in Xerox; shares +8.7%

Nov. 23, 2015 5:13 PM ETXerox Holdings Corporation (XRX) StockXRXBy: Eric Jhonsa, SA News Editor16 Comments
  • Carl Icahn has disclosed a 7.13% stake (72.2M shares) in Xerox (NYSE:XRX), and says he plans to hold talks with management. The stake makes Icahn Xerox's second-largest shareholder. (13D filing)
  • From the 13D filing: "The Reporting Persons acquired their positions in the Shares in the belief that the Shares were undervalued. The Reporting Persons intend to have discussions with representatives of the Issuer's management and board of directors relating to improving operational performance and pursuing strategic alternatives, as well as the possibility of board representation."
  • The copier maker and BPO/document services provider has jumped to $11.69 after hours.

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