Xerox-HP merger is ‘a no-brainer,’ says Carl Icahn

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Activist investor reveals $1.2 billion stake in HP as he encourages union

By CARA LOMBARDO – Activist investor Carl Icahn is pushing for the proposed union of Xerox Holdings Corp. and HP Inc., arguing that a combination of the printer makers could yield big profits for investors.

Icahn, who owns a 10.6% stake in Norwalk, Conn.-based Xerox XRX, +1.68%  , told The Wall Street Journal that he also owns a 4.24% stake in HP HPQ, +2.25%  , valued at roughly $1.2 billion. His stake in HP, not previously reported, could increase pressure on the printer and personal-computer company to strike a deal.

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SOURCE MarketWatch

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