U.S. Markets close in 5 hrs 19 mins
  • S&P 500

    3,602.18
    -36.17 (-0.99%)
     
  • Dow 30

    29,512.71
    -397.66 (-1.33%)
     
  • Nasdaq

    12,086.44
    -119.41 (-0.98%)
     
  • Russell 2000

    1,832.37
    -22.90 (-1.23%)
     
  • Crude Oil

    45.13
    -0.40 (-0.88%)
     
  • Gold

    1,774.40
    -13.70 (-0.77%)
     
  • Silver

    22.40
    -0.24 (-1.08%)
     
  • EUR/USD

    1.1989
    +0.0019 (+0.1559%)
     
  • 10-Yr Bond

    0.8520
    +0.0100 (+1.19%)
     
  • Vix

    21.86
    +1.02 (+4.89%)
     
  • GBP/USD

    1.3343
    +0.0028 (+0.2135%)
     
  • USD/JPY

    104.2000
    +0.1150 (+0.1105%)
     
  • BTC-USD

    19,466.36
    +132.54 (+0.69%)
     
  • CMC Crypto 200

    378.89
    +14.30 (+3.92%)
     
  • FTSE 100

    6,348.43
    -19.15 (-0.30%)
     
  • Nikkei 225

    26,433.62
    -211.09 (-0.79%)
     

Carl Icahn boosts Xerox stake to over 14%

·1 min read
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York

(Reuters) - Billionaire activist investor Carl Icahn raised his stake in U.S. printer maker Xerox Holdings Corp <XRX.N> to about 14.4% as of Nov. 5, according to a filing https://www.sec.gov/Archives/edgar/data/921669/000092846420000070/xrxsc13da11052020.htm, months after he backed the company's abandoned takeover of personal computer maker HP Inc <HPQ.N>.

Xerox's shares rose 3.4% in extended trading on the news.

Icahn, who last reported a stake of 12.9% in Xerox as of Sept. 9, had also built a sizable stake in HP around the time Xerox reached out to it for a merger.

HP Inc rebuffed Xerox's initial offers and Xerox went hostile with its bid but ultimately gave up the pursuit in March due to the coronavirus pandemic.

Icahn dissolved his shared share stake in HP as of the end of June, as per filings with the U.S. Securities and Exchange Commission.

(Reporting by Shariq Khan in Bengaluru; Editing by Vinay Dwivedi and Maju Samuel)