TECH - Xerox and Carl Icahn Conclude Investment Saga. A Closure Of Tumultuous Journey | Benzinga
Carl Icahn, the famous activist investor, is finalizing his investment in Xerox Holdings Corp. (NYSE: XRX) by selling his remaining stake to the company for a substantial $542 million.
This move marks the conclusion of a tumultuous journey that spanned several years, involving lawsuits and strategic shifts.
Under the terms of the agreement, Xerox will repurchase all shares held by Icahn and his affiliates at $15.84 per share. To finance this transaction, Xerox will utilize a new debt facility.
Two board members affiliated with Icahn, Jesse Lynn and Steven Miller, will step down ...