Buyout firm Apollo Global Management is said to have approached Xerox about a possible acquisition.
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Among the goods targeted are photocopying apparatus.
HP Inc. continues to expand from just printing on paper to printing on other materials, including printing on plastic, wood, aluminum, ceramic, acrylic, cardboard, and textiles.
“My mission is to persuade Xerox executives that the merger would be the best solution for both companies,” said Tamai.
Although 57 percent of sales managers report that they’re generally “satisfied” or “very satisfied” with their current positions, 93 percent still say they are looking for other employment opportunities.
The rift between Xerox and Fujifilm – which have operated Fuji Xerox for decades as a joint venture – continues to widen, with Fujifilm Chairman and CEO today penning a letter to newly appointed Xerox CEO John Visentin, in response to a letter Visentin had sent to him on Monday.
Fujifilm said in a statement: “It is again no surprise to hear Xerox’s pretense to sell its products directly into the growing Asia-Pacific market.”
“Therefore, your expectation – as expressed to the Japanese media – that Xerox will come to Fujifilm with a new proposal for a combination transaction is simply delusional.”
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About a third of color printers sold in the United States are made in China.
Komori said Fujifilm is “not opposed to considering any new proposal from the new Xerox board if it’s beneficial for both firms,” but that the $40 per share sought by Icahn and Deason is “too high.”
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The ISC also stated that a recent study by Trade Partnership Worldwide prepared for the Consumer Technology Association and the National Retail Federation estimates that the tariffs would cause U.S. consumers to pay $529 million more than they now pay for ink and toner cartridges.
The products that would be subject to the tariff includes printers and copiers, their parts, and likely their supplies, including ink and toner.
As for the A3 copier/MFP business, HP’s CEO noted that “we continue to on-board new partners and gain year-over-year share. This business is strategic to us given the higher attach rates of supplies and services.”