Carl Icahn urges HP shareholders to achieve out to board


FILE PHOTO: Billionaire activist-investor Carl Icahn provides an interview on FOX Enterprise Community’s Neil Cavuto present in New York, U.S. on February 11, 2014. Information/Brendan McDermid/File Picture

(Information) – Activist investor Carl Icahn on Wednesday urged HP Inc’s shareholders, who agree with the merger with Xerox Holdings Corp, to achieve out to the private laptop maker’s administrators for fast motion.

“HP shareholders deserve the chance to determine for themselves whether or not a mixture with Xerox is sensible earlier than the concept is summarily rejected by HP’s board,” Icahn mentioned in a letter

Calling the HP’s standalone restructuring plan as “rearranging the deck chairs on the Titanic”, Icahn mentioned the corporate’s refusal could possibly be a delay tactic to carry the “profitable” positions of its executives.

Reporting by Ayanti Bera in Bengaluru; Enhancing by Arun Koyyur