A shareholder of Xerox Holdings Corp has sued activist investor Carl Icahn alleg...
) shares with the knowledge that the printer maker was considering buying the stock at a premium, Bloomberg reported on Friday.
The Miami Firefighters Relief and Pension Fund filed the lawsuit against Icahn and an investment vehicle he controls, the report said. 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.Reporting by Amal S in Bengaluru; Editing by Shailesh Kuber
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