On August 8th, Fujifilm Holdings of Japan – which last year failed in a complicated merger deal to acquire Xerox...
Category: Fuji Xerox
“We continue to maintain a cooperative relationship with Xerox.”
Icahn owns approximately 10 percent of Xerox, and was instrumental in thwarting Fujifilm’s take-over of Xerox last year.
“Since we still believe the proposal for a business combination structured as announced on 31 January 2018 would be best for both companies and their shareholders, we will thoroughly explain its validity and legitimacy in the courts.”
A Manhattan federal judge has rejected Xerox’s request to dismiss Fujifilm’s $1 billion lawsuit against Xerox, stating that one of Xerox’s arguments was “thoroughly unpersuasive.”
The big news this week was continued turbulence at Xerox, but a recent interview with Fujifilm CEO and Chairman Komori...
Overall, however, the worst-case scenario – that the battles between Xerox and Fujifilm would destroy the Fujifilm-Xerox alliance – now appears avoidable.
Several months after the resignation of much of the Xerox board and resignation of former Xerox CEO Jeff Jacobson, Xerox reported today that revenue had dropped 5.8 percent to $2,352 million, versus the third quarter a year ago.
The court found in its ruling that Xerox’s former CEO, Jeff Jacobson, had neither misled or misinformed the Xerox board.
The hack works by sending an image file through the phone line — or a file that the fax machine thinks is an image file — and that is coded to contain malicious software.
The big news this week was HP Inc.’s announcement that it’s seeking to purchase U.K.-based Apogee Corporation, which is said...
Fujifilm is still appealing an injunction that was placed on the now-scrapped deal in April by a U.S. court.
“The terms we offered in January are the ceiling,” Komori said.
Visentin also stated that Xerox has new technology that could be disruptive in markets such as 3D printing.
“Fuji Xerox remains a partner but they need to earn our business.”
Buyout firm Apollo Global Management is said to have approached Xerox about a possible acquisition.