Icahn takes stake in HP, pushes for merger with Xerox: WSJ

REUTERS: Activist investor Carl Icahn has bought a US$1.2 billion stake in HP Inc and is pushing for the personal computer maker's merger with printer maker Xerox Corp , arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday.

Xerox believes it can achieve at least US$2 billion in annual cost synergies by creating an office technology supplies giant, one source told Reuters last week.The billionaire told the Journal that his team began looking at HP in late February and he bought the company's shares from late April to mid-August, though he did not have a deal with Xerox in mind when he started accumulating the shares.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Icahn takes stake in HP, pushes for merger with Xerox - WSJActivist investor Carl Icahn has bought a US$1.2 billion stake in HP Inc and is pushing for the personal computer maker's merger with printer ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Icahn pushes for Xerox-HP merger: WSJActivist 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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Icahn takes stake in HP, pushes for merger with Xerox - WSJActivist investor Carl Icahn has bought a US$1.2 billion stake in HP Inc and is pushing for the personal computer maker's merger with printer ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Icahn pushes for Xerox-HP merger: WSJActivist 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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »