Billionaire Investor Icahn is Second-Largest Xerox Shareholder; Considering ‘Strategic Alternatives’ for Xerox

icahn

Billionaire investor Carl Icahn.

Reuters has reported that billionaire activist investor Carl Icahn disclosed a 7.13 percent stake in Xerox in a securities filing on November 23rd, which makes him the second-largest shareholder of Xerox. Icahn said he would look at getting representation on Xerox’s board of directors, and would also consider “strategic alternatives” for the company, and says Xerox stock is currently “undervalued.”

The news comes on a report from Xerox last month that the company will review its operations after reporting a disappointing quarter.

Some analysts have speculated that Icahn may recommend that Xerox sell its stake in its joint Fuji Xerox holding, as well as separate Xerox into a document-imaging company that would focus on copiers and printers, and an IT-services business. More recently, Icahn recommended a breakup of American International Group.

“We are aware that Carl Icahn has made an investment in the company. Xerox welcomes open communications with shareholders and values constructive dialogue,” Xerox said in a statement.

More Resources

October 2015: Difficult Quarter for Xerox; Will Review Operations

September 2015: New Xerox ‘Innovate to Grow’ Designed to Help SMB Channel Partners Grow Sales

September 2015: Xerox Continues Acquisition of Healthcare-Related Companies with inVentiv Patient Access Acquisition

August 2015: Quocirca: Xerox Is Leader in Global Managed Print Services Market

July 2015: Revenue Down at Xerox for Second Quarter, Restructuring Affects Net Income

July 2015: Xerox Completes Sale of its IT-Outsourcing Business to Atos

May 2015: IDC: Positive Gains for Worldwide Production-Printer Market; Xerox is Leader

May 2015: Xerox Invests $35 Million to Expand Toner-Manufacturing Capacity

April 2015: Xerox Revenue Down for First Quarter, Adjusts Forecast

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