Thread regarding Xerox Corp. layoffs

"Those that live by the sword die by the sword" – the saga continues…

Hindenburg Research has dropped another bo-b:

"Icahn’s Latest Disclosures Raise Critical New Questions About Margin Loans, Continued Portfolio Losses".

Icahn's company's stock price is down 40% in the last month - and keeps falling.

This outstanding event might open the door to a change of control of the company if Icahn is forced to sell his equity stakes in the companies he has invested in, including Xerox.

New board of directors, new executives appointed by the brand new majority stakeholder…

This might mean a sudden change in the direction of travel.

Bets?

by Anonymous
| 1762 views | | 4 replies (last May 11, 2023) | Reply
Post ID: @OP+1mzNfFnM
Comment! It's anonymous!

4 replies (most recent on top)

Impossible to care less.

by Anonymous
| | Reply
Post ID: @upi+1mzNfFnM

@ubf+1mzNfFnM

Well, nobody cares...

...until someone buys Ichan's Xerox shares and, oh surprise!

It turns out that a change of control at Xerox happens in record time!

Icahn's team (SB + Board of Directors + Executive Committee) might be ousted overnight by the new majority shareholder.

Do you care now?

by Anonymous
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Post ID: @jjn+1mzNfFnM

nobody cares. its not going to make our lives any better at the little x

by Anonymous
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Post ID: @ubf+1mzNfFnM

UPDATE: Carl Icahn’s Icahn Enterprises revealed in an SEC filing it’s under investigation from federal prosecutors.

The U.S. Attorney's office for the Southern District of New York contacted Icahn the day after Hindenburg Research released a short-seller report accusing Icahn Enterprises of a “Ponzi-like” structure.

The federal prosecutors sought information about dividends and corporate governance, among other topics, according to an SEC filing released on Wednesday.

Icahn Enterprise shares closed down 15.1% on Wednesday in response to the news and are now down roughly 40% since the report.

Icahn and “affiliates” own approximately 84% of Icahn Enterprises, according to a release. The slump in IEP shares have sent Icahn’s net worth down nearly 40%, according to Bloomberg’s billionaires index.

by Anonymous
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Post ID: @raf+1mzNfFnM

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