Buyout firm Apollo Global Management is said to have approached Xerox about a possible acquisition.
Category: Fuji Xerox
“My mission is to persuade Xerox executives that the merger would be the best solution for both companies,” said Tamai.
Advertisements It seems more than ironic that Xerox’s decision in May to scrap a complicated deal under which Fujifilm would...
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.”
As we reported previously, in a separate lawsuit filed this week, Fujifilm also filed a breach-of-contract lawsuit against Xerox, demanding $1 billion in damages.
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Advertisements Fujifilm’s filing of a $1 billion breach-of-contact lawsuit this week in federal court against Xerox for scrapping the $6.1...
Advertisements The Xerox-Fujifilm saga continues to roll on, with Bloomberg reporting that today in the U.S. District Court in Manhattan, Fujifilm...
The appointment is said to be customary, since Fuji Xerox is a joint venture between Xerox and Fujiflm, but the appointment of Icahn-backed Visentin to the board can’t be welcomed by Fujifilm, which saw it’s hopes of obtaining Xerox and merging it with Fuji Xerox dashed by Icahn and fellow investor Darwin Deason.
Fujifilm has said that taking control of Xerox “is the only option for the American company to have a future,” and has emphasized that it’s waiting for Xerox to come up with a new offer.
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.”
Print Week reports that, as Fujifilm recently threatened, it’s taken Xerox – which last month scrapped a complicated sale of...
Visentin assures employees that Xerox will continue “to run the business well” and support its thousands of customers.
Although Fujifilm of Japan clearly isn’t happy that Xerox has called off the merger deal, there’s a good case to...
Bloomberg also reported that Fujifilm COO Sukeno said that wants to explain to Xerox shareholders that the merger with Fuji Xerox is the only option for Xerox to grow and have a future. A combined entity would be more efficient, he said.