Corporate Raider Carl Icahn Targets Xerox

Billionaire investor targets corporation in latest profit play.

“The billionaire and activist investor Carl C. Icahn took aim at another famous American company on Monday, the Xerox Corporation, and he stepped up pressure on the insurance giant American International Group.

In a filing with the Securities and Exchange Commission, Mr. Icahn announced he had built up a 7.1 percent stake in Xerox, saying that the shares, which had fallen 22 percent this year, were undervalued.” [READ MORE]