Xerox Holdings Corp is preparing to nominate as many as 11 directors to HP Inc&#...
) board, the Wall Street Journal reported on Tuesday, as the company seeks to push its $33.5 billion takeover offer for the personal computer maker.
The stake would give Xerox the right to nominate directors for elections to be held at the HP’s annual meeting this summer, the report said, adding that the deadline to nominate directors is Friday, and Xerox could still decide to not follow through with the nominations. Activist investor Carl Icahn, who has a 4.2% stake in HP and a 10.9% stake in Xerox, in December urged HP shareholders who agreed with a merger to reach out to the PC maker’s directors for immediate action.
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