Tagged XRX

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Icahn’s Open Letter to Xerox Shareholders

Contact: Icahn Capital LP Susan Gordon (212) 702-4309   CARL ICAHN RELEASES OPEN LETTER TO XEROX SHAREHOLDERS   New York, New York, March 14, 2018 – Today Carl Icahn released the following open letter to shareholders of Xerox Corporation (NYSE: XRX): Fellow Shareholders: I am pleased to announce that we have engaged John Visentin as…

Xerox To Split into Two

Xerox announced today the results of its review of the company’s portfolio and capital allocation options announced in October 2015. The Board of the company has unanimously approved management’s plan to separate Xerox into two independent publicly- traded companies, each of which will be a leader in its respective industry. “Today Xerox is taking further…

Icahn Takes Activist Position in Xerox

Icahn disclosed a 7.3% holding in XRX shares; 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 Issuers management and board of directors relating to improving operational performance and pursuing strategic alternatives, as well as the…