Reversal of fortune: Xerox scuttles Fuji Xerox merger, acquiesces to activists
The board of Xerox Corp. announced yet another change in direction, this time embracing change proposed by dissident investors Carl Icahn and Darwin Deason. The company has terminated its proposed combination with Fuji Xerox, and replaced half of its board. CEO Jeff Jacobson resigned (again), after rejoining the company last week. The new board will now investigate measures to “maximize...
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