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Activist shareholder alleges Xerox CEO sought unauthorized Fujifilm merger News 

Activist shareholder alleges Xerox CEO sought unauthorized Fujifilm merger

Activist shareholder Darwin Deason has filed a lawsuit alleging Xerox CEO Jeff Jacobson disregarded board directives to pursue the merger of Xerox with Fuji Xerox, according to Reuters. In January, Fujifilm Holdings and Xerox inked a $6.1 billion deal to combine the U.S. company into their existing joint venture, Fuji Xerox, but the announcement met with resistance from Deason and Carl... Read More
Xerox reinforces significant benefits of its proposed combination with Fuji Xerox News Press releases 

Xerox reinforces significant benefits of its proposed combination with Fuji Xerox

MAR 07, 2018 — CORPORATE NORWALK, Conn. —  The Board of Directors (the “Board”) of Xerox (NYSE: XRX) today issued the following letter to Xerox shareholders, reinforcing its belief in the significant benefits of the Company’s proposed combination with Fuji Xerox: *** Dear Xerox Shareholders, On January 31, 2018, Xerox announced its plans to combine with Fuji Xerox – the joint... Read More
Deason, Icahn at odds with Fuji Xerox merger News 

Deason, Icahn at odds with Fuji Xerox merger

Investors Carl Icahn and Darwin Deason are opposing the proposed merger of Fuji Xerox and Xerox, detailing in an open letter – reprinted below – their points. Also, Deason filed a lawsuit on February 13 seeking to enjoin the transaction, terminate the Xerox/Fuji joint venture lock-up and joint venture agreements and pursue strategic alternatives for Xerox. Defendants in the suit included... Read More
Opinion: Xerox acquisition positions Fuji Xerox for not just survival, but growth Opinion 

Opinion: Xerox acquisition positions Fuji Xerox for not just survival, but growth

The merger announcement between Xerox and Fuji Xerox last week started the next chapter of the nearly six decades-long joint venture between U.S.-based Xerox and Japan’s Fujifilm. The merger had been long expected, and had been accelerated with the insistence of shareholder activists Carl Icahn and Darwin Deason. The combination is expected to improve the profitability and competitiveness of Fuji... Read More
FUJIFILM Holdings and Xerox Announce Agreement to Combine Fuji Xerox Joint Venture with Xerox News Press releases 

FUJIFILM Holdings and Xerox Announce Agreement to Combine Fuji Xerox Joint Venture with Xerox

Creates a Global Leader in Innovative Print Technologies and Intelligent Work Solutions NORWALK, Conn. and TOKYO — Xerox shareholders to receive a $2.5 billion special cash dividend, or approximately $9.80 per share, and 49.9% of the combined company; Fujifilm to own 50.1% Combined company to deliver at least $1.7 billion in total cost savings, with $1.2 billion to be achieved... Read More
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