New York — Carl Icahn and Darwin Deason continued their efforts to shake up Xerox, saying they will consider any cash bid for the company of at least $40 per share. The billionaire investors, in a combative letter to shareholders on Monday, again pressed for CEO Jeff Jacobson to resign. They said they could not see another offer materialising before he left. "To put to rest the speculation regarding our intentions, we are comfortable stating that an all-cash bid at a minimum of $40 per share, would require our serious consideration," according to the letter. "We also see the possibility of similar or better value in a standalone Xerox with John Visentin at the helm as CEO with the support of a new conflict-free board." An offer at that price would be about a 40% premium to Xerox’s current market valuation. Shares rose 0.3% to $28.46 in New York Monday, valuing the company at about $7.2bn. A representative for Xerox declined to comment. Xerox and the two investors, who control more t...
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