Carl Icahn urges HP shareholders to reach out to board

4 Dec by Vitaliy Dadalyan

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.