Xerox is Carl Icahn's new target. Yesterday afternoon the activist investor revealed that he had amassed a 7.2% stake in Xerox Corp., via a 13D filing with the SEC.
According to the filing, Icahn believes that Xerox's shares are "undervalued" and he intends to have discussions with the firm's board of directors "relating to improving operational performance and pursuing strategic alternatives, as well as the possibility of board representation".
The filing describes Icahn’s Icahn Partners LP and Icahn Partners Master Fund LP buying at prices ranging from $9.63 to $10.66.
Xerox: Working with Icahn
Xerox acknowledged Icahn's stake late yesterday afternoon putting issuing...
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