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Xerox to split into two companies, Icahn to get board seats on one
January 29, 2016 by elegant · Leave a Comment
Xerox Corp will split into two companies, one holding its legacy printer operations and the other its business process outsourcing unit, it said on Friday, in a bid to be more nimble after years of trying to integrate the businesses. Activist investor Carl Icahn, who first revealed a stake in Xerox in November, will get three board seats on the outsourcing company. Xerox Chief Executive Officer Ursula Burns said in an interview on Friday that the strategic…
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Xerox to split into two companies, Icahn to get board seats on one