Industry News, Ink Manufacturers News, Printers News

Xerox Announces $542 Million Repurchase of Shares from Carl C. Icahn and Affiliates

Scott Letier, who has served on the board since 2018, has been appointed chairman of the Xerox Board of Directors.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced that it entered into a share purchase agreement to repurchase all of the shares of the company’s common stock beneficially owned by Carl C. Icahn and certain of his affiliates (“Icahn Parties”) at a purchase price of $15.84 per share, the closing price of the company’s common shares on Sept. 27, 2023, the last full trading day prior to the execution of the purchase agreement. The aggregate purchase price for the repurchase is approximately $542 million, wh...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters