Carl Icahn Sued by Xerox Shareholder

A shareholder of Xerox Holdings Corp (XRX.N) has sued activist investor Carl Icahn alleging that he bought HP Inc (HPQ.N) shares with the knowledge that the printer maker was considering buying the stock at a premium, Bloomberg reported on Friday.

Carl Icahn (Photo by: Adam Jeffery/CNBC/NBCU Photo Bank via Getty Images)

The Miami Firefighters Relief and Pension Fund filed the lawsuit against Icahn and an investment vehicle he controls, the report said. (bloom.bg/2soUK0V)

Carl Icahn and the pension fund did not immediately respond to Reuters request for comment.

HP in November rejected Xerox’s $33.5 billion buyout bid, prompting the printer maker to make plans to go hostile.

Earlier this month, Icahn, who owned 4.2% of HP as of Sept. 30, urged the personal computer maker’s shareholders who agree with the merger with Xerox to reach out to its directors.

Icahn also owns a near 11% stake in Xerox, making him the company’s largest shareholder.

(Source: https://www.reuters.com/)

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