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Activist investor seeks Xerox review of financial services unit

Xerox logoXerox
Sig2.64Sen-1.95Env0.00Soc0.00Gov-1.95

Starteepo, an activist investor, built a 7.34% stake in Xerox and urged the board to launch a formal strategic review of its financial services division. In a letter, it called for balance-sheet deleveraging, tighter capital discipline, and more financial transparency, arguing the financing unit could be worth far more than the company’s market value. Xerox shares rose after the report.

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