Xerox Corp will split into two companies and give billionaire activist investor Carl Icahn three board seats on one of the companies, the Wall Street journal reported.
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Xerox will split into one company containing its hardware operations and another housing its services business, the Journal reported, citing sources. (http://on.wsj.com/1Tqk0bj)
The WSJ said Icahn would get the board seats on the company housing the services business.
Icahn in November had disclosed a 7.1 percent stake in the printer and copier maker and called it's shares "undervalued". (Reporting by Anet Josline Pinto in Bengaluru; Editing by Savio D'Souza)