4 Dec by Vitaliy Dadalyan

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Carl Icahn urges HP shareholders to reach out to board

Carl Icahn urges HP shareholders to reach out to board“HP shareholders deserve the opportunity to decide for themselves whether a combination with Xerox makes sense before the idea is summarily rejected by HP’s board,” Icahn said. Icahn, who has 10.85% stake in Xerox and 4.24% in HP, said the combination could yield over $2 billion in cost savings. “The combination of HP and Xerox is one of the most obvious no-brainers I have ever encountered in my career,” he said.

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