Fujifilm Sues Xerox for $1 Billion over Failed Merger Deal
The Xerox-Fujifilm saga continues to roll on, with Bloomberg reporting that today in the U.S. District Court in Manhattan, Fujifilm of......
Category: Xerox
Xerox CEO Visentin Joins Fuji Xerox Board of Directors
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.
Xerox Reports Channel Partners Winning More MPS Deals
Xerox reports that two recent signings provide further evidence that its channel partners are finding growth opportunities with Xerox’s Managed Print Services (MPS).
This Week in Imaging: Will China’s $70B Offer Stop U.S. Tariffs on Printers, Copiers, and Supplies?
According to both The New York Times and The Wall Street Journal, China has offered to purchase nearly $70 billion......
‘That Price is Too High’ Says Fujifilm CEO of Icahn Offer
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.
Fujifilm May Walk Away from Xerox Deal
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.”
Fujifilm Sues Xerox Over Scrapped Sale and Merger
Print Week reports that, as Fujifilm recently threatened, it’s taken Xerox – which last month scrapped a complicated sale of......
ISC Argues Against Proposed U.S. Tariffs on China-Imported Printer, Copier Supplies
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.
Ricoh Americas Exec Sees Opportunity in ‘Chaotic’ Printer/Copier Market
Ricoh Americas executive sees “chaos” in printer/copier market as opportunity for Ricoh to wrest market share from rivals.
This Week in Imaging: There’s Gold in those Temporary (Transactional) Documents
This week, we visited the folks at Lexmark International at their offices in the Big Apple, and were reminded (yet......
New Xerox CEO Visentin Explains Strategic Alternatives
Visentin assures employees that Xerox will continue “to run the business well” and support its thousands of customers.
This Week in Imaging: Fujifilm Better Off? Latest Xerox-Icahn News; Company Financials, More
Although Fujifilm of Japan clearly isn’t happy that Xerox has called off the merger deal, there’s a good case to......
Fujifilm to Sue Xerox over Scrapped Xerox-Fuji Xerox Merger Deal
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.
What’s Next for Xerox? Private Equity Sale, Competitor Sale, or Icahn Plan?
While the new Xerox board was scheduled to meet this week to discuss alternatives, Icahn’s previously published report, “Rescuing and Revitalizing an American Icon,” may provide some clues about what will happen next if Xerox isn’t sold.
Fujifilm May Pursue Legal Action Seeking Damages over Terminated Xerox Deal
“Fujifilm disputes Xerox’s unilateral decision to terminate the transaction,” the company said in its statement.
Xerox Shareholders to Take Aim at Fuji Xerox Contract Provisions for Xerox Sale
By refusing to dismiss their claims against Fujifilm, the law firm states that the Xerox shareholder lead plaintiffs aim to secure a more level playing field for all bidders of Xerox and to help ensure that “Fujifilm will not take further actions to disadvantage Xerox’s shareholders for its own benefit.”
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