Norwalk, CT (Nov. 6, 2020) — Billionaire investor Carl Icahn has increased his interest in Xerox Holdings Corp., growing it from 12.9% to about 14.4%, per a filing with the U.S. Securities and Exchange Commission (SEC).
Shares of Xerox increased by 3.4% on the news in extended trading.
Icahn was a key activist during Xerox’s attempt to merge with HP, and was a significant shareholder of both entities. Xerox ended its $34 billion bid on March 31, citing the health crisis and economic uncertainty brought about by the pandemic.
According to an SEC filing, Icahn dissolved his shared stake in HP at the end of June.
