4 October 2023
Xerox Gets Rid Of Activist Investor Carl Icahn
ROCHESTER, NY—
Carl Icahn blocked the sale to FujiFilm who has now become Xerox's largest competitor
Carl Icahn blocked the sale to FujiFilm who has now become Xerox's largest competitor
 Xerox is purchasing all of the company’s shares that are owned by investor Carl Icahn for about $542m. Xerox said the transaction is expected to close no later than today (29 September) and that, subsequent to the closing of the transaction, the Icahn parties will no longer hold any Xerox common shares. As the repurchase closes, Icahn directors, will resign from the company’s board of directors.
Carl Icahn was a vocal presence as an activist investor over the years, calling for the company to make changes to its board in 2017, opposing its proposed sale to Fujifilm in 2018, which was subsequently canned, and backing its bid to buy HP, which was scrapped when the Covid pandemic escalated in early 2020. Xerox sold metal additive manufacturing business Elem Additive Solutions to ADDiTEC. This followed its donation of PARC to SRI International and the sale of the Xerox Research Center of Canada to Myant Capital Partners earlier this year.
Comments:
NEW ON THE JOB BOARD | RSS
Total Job Board Listings: 1
New This Week: 0
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
Total Used Equipment Listings: 18
CLICK HERE to list your equipment
CLASSIFIED | RSS
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Rick says:
Is this good or bad for all NON-Epson printers?...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline PaperFinder Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print