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Dead: Xerox & Fujifilm deal

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  • Dead: Xerox & Fujifilm deal

    According to a Xerox announcement, Xerox notified Fujifilm—late May 13, 2018—the previously announced transaction agreement to combine Xerox with Fuji Xerox is being terminated.

    Thereafter, Xerox entered into a new agreement with Carl Icahn & Darwin Deason. The agreement resolves the pending proxy contest in connection with the company’s 2018 Annual Meeting of Shareholders and Mr. Deason’s litigation against Xerox and its directors. Under the terms of the settlement agreement, the following occurred:
    • Xerox appointed 5 new members to its Board of Directors,
    • Jeff Jacobson resigned (again) as CEO & Board member.
    More details about it on the link.

    Xerox said it's killing an agreement to be taken over by Fujifilm. The Japanese company disputed the decision.

  • #2
    I am truly not impressed by Xerox's handling of this.


    • #3
      What does this mean for both parties?


      • #4
        Fujifilm is suing Xerox for more than $1 billion over failed merger
        Fujifilm said Xerox had "breached its agreements" by backing out of a planned multibillion-dollar merger between the two companies.


        • #5
          My tech said the now have to get approval before they can order a part.


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