The Traderszone Network

Published in TZ Latest News 23 November, 2015 by The TZ Newswire Staff

Icahn takes stake in Xerox, calls shares ‘undervalued’

The billionaire revealed a 7.13 percent stake in Xerox in a securities filing on Monday, making him the second-largest shareholder of the 109-year-old company. Icahn, who recently took stakes in American International Group (AIG.N) and Freeport-McMoran Inc (FCX.N), said he would look at getting representation on Xerox’s board, as well as pursuing strategic alternatives. “We are aware that Carl Icahn has made an investment in the company,” Sean Collins, a Xerox spokesman said.