Carl Icahn is a driving force in persuading HP to merge with Xerox, according to HP, the larger of the two printer makers. He’s also one reason the HP board can continue to say no in the face of Xerox’s $35 billion hostile bid. Icahn’s pursuit of a tie-up is rational, but his self-interest and influence over Xerox obscure a potentially worthwhile deal.
https://lipperalpha.refinitiv.com/2020/03/breakingviews-icahns-intrusions-hurt-worthwhile-hp-xerox-deal/