Judge Blocks ‘Quick’ Appeal from Xerox
Xerox had asked that its appeal be heard quickly, “concerned that a delay might endanger the proposed deal.”
Category: News
Deason, Icahn Post $150 Million Bond to Keep Temporary Injunction Against Fujifilm Deal
“We see several paths to victory – but none of them involve selling a 50.1% interest in Xerox in a deal that offers no control premium and leaves shareholders vulnerable to oppression by an overlord that is embroiled in an ever-widening accounting scandal,” said Icahn and Deason.
Ichan, Deason Pen Letter to Xerox Shareholders Urging End to Fujifilm Deal
“Over the next few months, we intend to see that ‘massively conflicted’ Jeff Jacobson and old guard directors like Bob Keegan, Ann Reese and Chuck Prince, who have already done so much damage to the company, and are continuing to do more damage with these actions, are held fully and personally liable for their misconduct.”
Xerox Appeals Court Decision that Blocks Xerox-Fuji Xerox Merger
The appeal also states that the decision harms Xerox shareholders by preventing them from voting on the proposed Xerox-Fuji Xerox merger that the Xerox board concluded was both “value-maximizing and the only available option.”
HP to Compensate Printer Customers after Firmware Prevents Use of Third-Party Ink Cartridges
ACCC deputy chair Michael Schaper said: “Consumers were not made aware of the restriction on using non-HP ink cartridges when buying the printer or downloading the firmware update, and were denied the choice to accept or reject it…”
Panasonic Updates Status of B2B Transition, Document-Scanner Strategy, More
Steve Young, president and CEO of Square 9 Softworks, explained that Square 9 has been working with Panasonic for close to two years, noting, “We’re trying to re-define the notion of (document) capture…and the reach of capture.”
EFI Reports Record First-Quarter Revenue For First-Quarter 2018
Electronics For Imaging (EFI) today reported results for first-quarter 2018, reporting “record” first-quarter revenue of $239.9 million, up 5 percent compared......
Konica Minolta Consolidating Operations in New Jersey
Commercial Property Executive reports that Konica Minolta Business Solutions U.S.A. is consolidating its U.S. operations into a single campus, starting......
Static Control Opens New Distribution Center in Texas
Canon has also filed a patent-infringement lawsuit against Static Control, which says it’s the world’s largest manufacturer and distributor of parts and supplies supporting the toner remanufacturing industry.
Fujifilm Objects to New Proposed Xerox Agreement with Deason, Icahn
Fujifilm will review its plan to purchase Xerox for $6.1 billion, but also is said to have expressed serious concerns over the new developments.
Ricoh Reports ¥135.5 Billion Loss for Fiscal Year
For its fiscal year that will end in March 2019, Ricoh is forecasting that sales will be down slightly (-1.1 percent) and net income of ¥47 billion.
Supplies Network Added as Authorized Distributor for HP A3, A4 Printers and Copier/MFPs
Supplies Network, a national wholesale distributor offering imaging supplies and office-imaging equipment and parts from over 80 manufacturers, announced today the...
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.”
Revenue up for Epson’s Fiscal Year, but Profits Down
Revenue generated by Epson’s Printing Solutions group was ¥736.6 billion, up 7.3 percent year-over-year.
Bluedog Consents to Stop Selling Alleged Patent-Infringing Toner Cartridges
Canon Inc. of Tokyo, Japan, today announced that it’s concluded its patent-infringement lawsuit against Bluedog Distribution Inc. in the U.S....
