The Wall Street Journal reported last week that Xerox was considering a takeover bid for fellow printer maker HP.
Activist investor Carl Icahn told The Wall Street Journal that he supports Xerox's potential takeover of HP. The billionaire — who already holds a 10.6% position in Xerox — also revealed a 4.2% stake in HP worth about $1.2 billion, according to the WSJ. Icahn said he supports the deal because of the cost synergies it could create, which Xerox said could total north of $2 billion. Watch Xerox and HP trade live on Markets Insider.
Activist investor Carl Icahn told The Wall Street Journal that he supports Xerox's potential takeover of HP. The billionaire — who already holds a 10.6% position in Xerox — also revealed a 4.2% stake in HP worth about $1.2 billion, according to the WSJ. Icahn said he supports the deal because of the cost synergies it could create, which Xerox said could total north of $2 billion. Watch Xerox and HP trade live on Markets Insider.
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