Icahn pushes for Xerox-HP merger: WSJ

Icahn pushes for Xerox-HP merger: WSJ

FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid

(Reuters) – Activist investor Carl Icahn is pushing for the proposed merger of Xerox Corp (XRX.N) and HP Inc (HPQ.N), arguing that a union of the printer makers could make big profits for investors, the Wall Street Journal reported on Wednesday.

Icahn, who owns a 10.6% stake in Xerox, has now taken a 4.24% stake in HP, valued at roughly $1.2 billion, the Journal said here

Reporting by Maria Ponnezhath; Editing by Subhranshu Sahu

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