Carl Icahn is pushing for the proposed Xerox-HP merger. He owns stakes in both companies, revealing one in HP that could boost pressure for a tie-up.
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.
Mr. Icahn, who owns a 10.6% stake in Norwalk, Conn.-based Xerox, told The Wall Street Journal that he also owns a 4.24% stake in HP, 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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