Xerox Investor Deason Seeks Xerox Auction ASAP
Deason, however, didn’t rule out an offer from Fujifilm.
Category: Xerox
Fujifilm Responds to Xerox Decision to Call Off Proposed Deal
Under the agreement announced yesterday, Carl Icahn consultant and former Hewlett-Packard and IBM executive John Visentin will be the new vice chairman of the Xerox board and new Xerox CEO, and various Xerox board members resigned
Xerox Calls Off Deal with Fujifilm, Will Install New Leadership
Robert J. Keegan, Charles Prince, Ann N. Reese, William Curt Hunter, and Stephen H. Rusckowski each resigned from the Xerox Board of Directors.
This Week in Imaging: Xerox Shareholders Should Vote on Fujifilm Deal; Industry Financials; More
Amid all the back-and-forth on the proposed Xerox-Fujifilm deal between the Xerox Board of Directors and Carl Icahn and Darwin......
Xerox Reassures Customers
“Through all the external noise there is something that remains very constant and clear – our commitment to you. Beyond the headlines is a team of people who ARE Xerox. We are the 35,000 people who come to work every day to create great products and solutions, and to deliver great service to our customers and partners around the world.”
Icahn, Deason Reject Xerox Peace Offering, Denounce Leadership
Icahn and Deason claim they have been “approached by pretty much every major financial sponsor, and they have all expressed interest in Xerox.”
New Xerox Iridesse Production Press Produces Unique Iridescent Colors and Specialty Embellishments
With two inline specialty dry-ink stations, customers can create applications with spot colors, metallic and mixed-metallic gradients, and specialty enhancements.
Xerox to Negotiate More Favorable Fujifilm Deal
In the letter, the board noted that Icahn and Deason have targeted management and the board with “personal, unsubstantiated attacks that we believe have been damaging to Xerox.”
Judge Blocks ‘Quick’ Appeal from Xerox
Xerox had asked that its appeal be heard quickly, “concerned that a delay might endanger the proposed deal.”
Deason, Icahn Post $150 Million Bond to Keep Temporary Injunction Against Fujifilm Deal
“We see several paths to victory – but none of them involve selling a 50.1% interest in Xerox in a deal that offers no control premium and leaves shareholders vulnerable to oppression by an overlord that is embroiled in an ever-widening accounting scandal,” said Icahn and Deason.
Ichan, Deason Pen Letter to Xerox Shareholders Urging End to Fujifilm Deal
“Over the next few months, we intend to see that ‘massively conflicted’ Jeff Jacobson and old guard directors like Bob Keegan, Ann Reese and Chuck Prince, who have already done so much damage to the company, and are continuing to do more damage with these actions, are held fully and personally liable for their misconduct.”
Xerox Appeals Court Decision that Blocks Xerox-Fuji Xerox Merger
The appeal also states that the decision harms Xerox shareholders by preventing them from voting on the proposed Xerox-Fuji Xerox merger that the Xerox board concluded was both “value-maximizing and the only available option.”
This Week in Imaging: What’s Next for Xerox? Plus, Ricoh, Epson, EFI Financials, More
A private-equity deal may also be in the works: on May 2nd Reuters reported that buy-out firm Appollo Global is approaching Xerox with possible acquisition in mind. Meanwhile, Fujifilm said it will appeal the court order blocking the deal.
Stunning U-Turn: Xerox Settlement Off; Current Xerox Board, CEO Remain in Place
“The brazen self-interest of the Xerox Board defies description,” stated Carl Icahn, who blamed the Xerox board for letting the deal expire.
Who is Xerox’s New CEO John Visentin?
According to Icahn, Visentin had the skills that would help Xerox shareholders understand why the proposed merger with Fuji Xerox was a bad idea, and that a new management team would be better for Xerox.
Xerox Reports First-Quarter Results
Because of Xerox’s announcement this week that its CEO and six Xerox board members will be stepping down under its pending Director Appointment, Nomination and Settlement Agreement with Carl Icahn and Darwin Deason, Xerox is not releasing a financial forecast.
