NEWS: Two Xerox Board Members Resign , Raising Speculation - Absolute Toner & Xerox Copiers
Absolute Toner & Xerox Copiers - Copiers and Printers News
ROCHESTER . NEW YORK—
Two directors of Xerox, including Chairman Keith Cozza, are stepping down from Xerox in a move that reignites speculation that Xerox may be in for more merger or acquisition talks Xerox. Xerox has been seen as a possible breakup candidate after certain bonus arrangements were unveiled in early 2022. Xerox may try again to acquire HP. In a SEC filing, said that, as of March 18, Cozza and Cheryl Krongard
have informed the company’s board of directors that they will not stand for re-election to the board, and that they will step down from the board at the company’s annual shareholder’s meeting scheduled for May 19. Raising speculation about potential merger or acquisition moves given activist investor Carl Icahn’s 20% stake in Xerox and his stake in potential M&A partner HP Inc. Xerox’s stock price was up nearly 2 percent after news of the planned departure was unveiled.
- Mai Landau