The goal of Icahn and Deason isn’t to create the world’s largest copier/printer company, but instead appears to drive the Xerox share price to $40 and then sell.
Fujifilm will focus on its healthcare business, as its copier business is said to slow. But its Chairman and CEO Shigetaka Komori still has Xerox on his mind.
“Therefore, your expectation – as expressed to the Japanese media – that Xerox will come to Fujifilm with a new proposal for a combination transaction is simply delusional.”
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.
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.
Icahn and Deason determined to prevent sale of Xerox.