Icahn, Deason join forces to demand Xerox explore options [Reuters]
Xerox Holdings Corporation (XRX)
Last xerox holdings corporation earnings: 4/28 06:30 am
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Source: Reuters
Icahn, Deason join forces to demand Xerox explore options | Reuters 3 Min Read (Reuters) - Hedge fund managers Carl Icahn and Darwin Deason joined forces on Monday to push Xerox Corp ( XRX.N ) to explore strategic options, oust its “old guard”, including its CEO, and negotiate better terms for its decades-long deal with Japan’s Fujifilm. Icahn and Deason – respectively the No.1 and No.3 Xerox shareholders with a combined stake of over 15 percent – plan to nominate four board members if their demands were not met, they said in a joint letter to Xerox shareholders. Xerox shares were up 2.5 percent in late afternoon trading on Monday. Declining demand for office printing has limited prospects of the 50-year-old JV, which is 75 percent owned by Fujifilm Holdings Corp ( 4901.T ) and sells photocopy products and services in the Asia-Pacific region. Chief Executive Jeff Jacobson is “incapable” of leading Xerox or negotiating a better deal with Fujifilm, while the company’s veteran direct
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News
- Xerox Holdings Co. (NYSE: XRX) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $17.00. They now have an "underweight" rating on the stock.MarketBeat
- After Plunging -16.47% in 4 Weeks, Here's Why the Trend Might Reverse for Xerox (XRX) [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Corporation (NASDAQ:XRX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings First Quarter 2024 Earnings: US$0.94 loss per share (vs US$0.43 profit in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Co. (NYSE: XRX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
XRX
Earnings
- 4/23/24 - Miss
XRX
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form DEF
- 4/4/24 - Form ARS
- XRX's page on the SEC website