Icahn Suggested HP Buy Xerox With Offer About to Go Public

The following appears on finance.yahoo.com

(Bloomberg) — Xerox Holdings Corp.’s largest shareholder made a suggestion as the printer maker was preparing to go public with its takeover offer for HP Inc. in November: buy us instead.

Activist investor Carl Icahn raised the idea of HP acquiring Xerox for $45 a share in a phone call with HP Chief Executive Officer Enrique Lores in November, according to people familiar with the matter. HP executives viewed the proposal as over-valuing Xerox and decided not to pursue it, said the people, who asked to not be identified because the matter isn’t public.

Click here to read the rest!

SOURCE Yahoo Finance

Xerox Fires Back At HP’s ‘Poison Pill’ Plan To Slow Takeover Bid