In Stunning Reversal, Xerox Yields to Deason and Icahn in Far-Reaching Settlement
The new Xerox board will meet immediately to discuss alternatives to the proposed Xerox-Fuji Xerox merger.
Category: Xerox
Xerox Testing Finds High Levels of Carcinogen in Third-Party Toner Cartridges
California’s Office of Environmental Health Hazard Assessment cites studies showing that styrene increased the incidence of combined malignant and benign lung tumors.
Preliminary Injunction Blocks Proposed Xerox-Fujifilm Deal
Court papers noted: “The lynchpin of the Court’s decision turns on the conduct of Xerox CEO Jeff Jacobson in the time frame preceding the Board’s approval of a transaction that granted control of an American icon company to Fuji without any cash payment by Fuji to Xerox shareholders, and the Board’s acquiescence in Jacobson’s conduct.”
This Week in Imaging: There’s Gold in Those Printers – Literally and Figuratively
Those who can establish a stronger printer foothold should then be able to leverage this into a strong advantage later on.
Fujiflm Agrees to Re-Open Talks on Proposed Xerox-Fuji Xerox Deal
Xerox’s Keegan was speaking as part of a court hearing involving Xerox shareholder Deason’s lawsuit, which was filed in March 2018, to block Xerox’s deal with Fujifilm and also nominate directors to Xerox’s board.
Xerox Continuing to Add New Dealers
Xerox first announced its focus on signing up new dealers last year as part of a drive to gain a larger share of the copier/MFP small and mid-size business market by increasing its multi-brand dealer base in the United States by more than 30 percent in 2017.
Xerox, Fujifilm Said to be Renegotiating Proposed Merger; Other Interested Buyer Revealed
On Wednesday, Xerox also said that Xerox shareholders should disregard information from Icahn and Deason, stating the two are conducting a “highly disingenuous campaign” that distorts and omits key facts about Xerox and the proposed merger.
This Week in Imaging: Xerox Must Wish it Never Heard of Affiliated Computer Services
Xerox shareholders will vote on the proposed merger of Xerox with Fuji Xerox sometime next month.
PrintReleaf Reforestation Program Now Available for Xerox MPS Customers
Xerox reported today that is managed print services (MPS) customers will now have the opportunity to contribute to the reforestation......
Deason, Icahn, Urge Xerox Partnership with HP, Apple, Others, Monetization of IP
On April 17th, activist investors Carl Icahn and Darwin Deason, seeking to stop Fujifilm’s acquisition of Xerox for $6.1 billion and the creation of a new combined Xerox-Fuji Xerox, released a detailed presentation, Rescuing and Revitalizing an American Icon, that presents alternatives to the proposed deal.
Xerox Awarded Public-Sector Contract for Supplying Printers, Copier, MPS, Document-Services
The agreement is said to make it simple for agencies to purchase Xerox offerings ranging from single-function desktop printers, to high-end digital presses, managed print services (MPS), software offerings, centralized print services, and workflow automation solutions. The National IPA agreement extends through February 2021.
Icahn, Deason, Accuse Fujifilm, Xerox CEO of Deceiving Xerox Board
In the letter, the two investors, who together hold approximately 15 percent of Xerox shares, state that “Both the substance of the proposed value-destroying transaction and the conflict-tainted process by which it was hatched are an insult to long-suffering Xerox shareholders and make a mockery of well-established corporate governance norms.”
Other Copier Company Said to Have Been Considering Merger with Xerox
In Deason’s complaint, he refers to the president of another company making an inquiry about “combining” with Xerox.
Deason Alleges Xerox CEO Disregarded Board in Pursuing Fujifilm Deal
The battle between Xerox and activist investors Carl Icahn and Darwin Deason has become even more acrimonious, with new amendments to a Deason lawsuit alleging that Xerox CEO Jeff Jacobson pursued a deal with Fujifilm even after Xerox’s board advised him to stop negotiations.
Be Careful What You Click On and More; Xerox Discusses Printer Security
In addition, a hacker can easily create a rogue access point and trick you into connecting. It will look legitimate, but it’s malicious.
This Week in Imaging: Back to Paper, Pens for Atlanta City Government in Wake of Ransomware Attack
Perhaps nothing has better illustrated the vulnerability of digital systems to security breaches than the ongoing hacking of the government......
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