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Seeking to Derail Xerox Merger, Deason Demands to Nominate New Directors to Xerox Board

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Fuji Xerox is Xerox and Fujifilm's five-decade-old joint copier/MFP venture that focuses on the Asia-Pacific region, which Icahn and Deason argue has a previously undisclosed “crown jewel” lock-up right that gives Fujifilm control over Xerox’s intellectual property and manufacturing rights in the Asia-Pacific market if Xerox sells a 30-percent stake to another suitor, according to Deason's lawsuit.

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