The Xerox-Fujifilm saga continues to roll on, with Bloomberg reporting that today in the U.S. District Court in Manhattan, Fujifilm of...
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 that two recent signings provide further evidence that its channel partners are finding growth opportunities with Xerox’s Managed Print Services (MPS).
According to both The New York Times and The Wall Street Journal, China has offered to purchase nearly $70 billion...
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...
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 executive sees “chaos” in printer/copier market as opportunity for Ricoh to wrest market share from rivals.
This week, we visited the folks at Lexmark International at their offices in the Big Apple, and were reminded (yet...
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.
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 disputes Xerox’s unilateral decision to terminate the transaction,” the company said in its statement.
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.”