November 26, 2015
US investor Carl Icahn purchased 7.13 percent of Xerox shares, after the company struggled in the third quarter.
Icahn’s company, Icahn Capital, said it hopes to discuss with representatives from the OEM operational improvements and strategic alternatives, as well as the possibility of representation on the board.
79-year-old New Yorker Icahn made a bid to acquire Dell in July 2013, denouncing the company on Twitter during the takeover battle.
Dell CEO Michael Dell described him as “a bad guy” in an interview with CRN the following year. “He lies, he has no ethical boundaries, he’ll say anything, do anything, I have no time for him.”
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