Tag: Fujifilm Holdings – The Dead Pixels Society

Xerox reports improved earnings on lower sales for 2019

January 28, 2020January 31, 2020 GaryPageau Fuji Xerox, Fujifilm, Fujifilm Holdings, Xerox1 Comment

Xerox Holdings Corp. announced full-year 2019 revenue dropped 6.7 percent to $9.07 billion, but saved $640 million under the “Project Own It” cost-savings plan, which contributed to improved earnings and cash flow. “We are delivering on our three-year plan. We grew earnings per share, increased cash flow and expanded adjusted operating margin for the full year, and we improved our... Read More

Acquisitions News Opinion

Xerox sells stake in Fuji Xerox to Fujifilm for $2.3 billion

November 5, 2019 GaryPageau Fuji Xerox, Fujifilm Holdings, Xerox1 Comment

Xerox Holdings Corp., Norwalk, Conn., announced it entered into an agreement with Fujifilm Holdings Corp. and assorted subsidiaries to sell to Fujifilm its 25% state in Fuji Xerox Co. Ltd., putting an end to one of the most rancorous corporate divorces in recent memory. The company also sold Xerox’s 51% stake in Xerox International Partners (XIP), an OEM joint venture... Read More

News

Fujifilm not giving up on Xerox deal, but won’t sweeten it, either

December 20, 2018 GaryPageau Fuji Xerox, Fujifilm Holdings

In an interview with the Nikkei Asian Review, Fujifilm Holdings‘ Chairman Shigetaka Komori conceded the nearly year-long campaign to acquire a 51-percent stake in Xerox Corp. through the purchase of the Fuji Xerox joint venture. Soon after, activist investors Carl Icahn and Darwin Deason not only opposed the merger but lead a boardroom coup resulting in the replacement of Xerox’s... Read More