Buyout firm Apollo Global Management is said to have approached Xerox about a possible acquisition.
“My mission is to persuade Xerox executives that the merger would be the best solution for both companies,” said Tamai.
It seems more than ironic that Xerox’s decision in May to scrap a complicated deal under which Fujifilm would take......
The rift between Xerox and Fujifilm – which have operated Fuji Xerox for decades as a joint venture – continues to widen, with Fujifilm Chairman and CEO today penning a letter to newly appointed Xerox CEO John Visentin, in response to a letter Visentin had sent to him on Monday.
Fujifilm said in a statement: “It is again no surprise to hear Xerox’s pretense to sell its products directly into the growing Asia-Pacific market.”
As we reported previously, in a separate lawsuit filed this week, Fujifilm also filed a breach-of-contract lawsuit against Xerox, demanding $1 billion in damages.
This Week in Imaging: What Does Fujifilm’s Lawsuit Mean for Xerox? Plus, U.S. China Tariff Effects; More
Fujifilm’s filing of a $1 billion breach-of-contact lawsuit this week in federal court against Xerox for scrapping the $6.1 billion......
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.
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......
Visentin assures employees that Xerox will continue “to run the business well” and support its thousands of customers.
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.”