New Details In Xerox's Attempt To Takeover HP

There is more wrangling over the attempt last month by Xerox Holdings to takeover HP.

According to Bloomberg News, a Xerox shareholder is suing activist investor Carl Icahn -- claiming Icahn bought 4 percent of HP knowing that Xerox was looking to pay a premium for HP stock.

The Xerox shareholder bringing the lawsuit is a pension fund for Miami firefighters.

Icahn also owns 10 percent of Xerox.

The HP board has rejected the Xerox takeover proposal.


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