Xerox Nemesis Icahn Dumped $31.3 Million Stake in Steel-Related Company (Updated)
Icahn sold his Manitowoc shares for about $32 to $34 each. After Trump’s tartiff announcement, shares of Manitowoc fell to about $26.
Tagged: Fuji Xerox
Deason Sues to Replace Xerox Board; New Joint Deason-Icahn Letter
“Hope is not a strategy. We cannot just hope for multiple expansion. We cannot just hope for synergies. We cannot just hope that the massive Fuji Xerox accounting scandal will not result in substantial additional liabilities for Xerox. We cannot just hope that Fuji that will treat us fairly once they are in control of our company.”
Xerox Tells Deason: Forget Nominating Any Board Members
Deason, along with billionaire activist investor Carl Icahn, have sought to derail Xerox’s proposed merger with Fuji Xerox, with Fujifilm of Japan having a controlling 50.1 percent of shares, with current Xerox CEO Jeff Jacobson serving as president of the new company. Xerox shareholders will vote on the proposed merger at an upcoming shareholder meeting in May 2018.
Seeking to Derail Xerox Merger, Deason Demands to Nominate New Directors to Xerox Board
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.
This Week in Imaging: Icahn, Deason Say Sell Xerox to Competitor or PE – But Who Would Buy?
This week, the Xerox-Fuji Xerox merger saga continued with a back-and-forth campaign designed to sway Xerox shareholders to either vote...
Icahn, Deason Propose Sale of Xerox to Competitor or Private-Equity Firm
Icahn and Deason determined to prevent sale of Xerox.
This Week in Imaging: Fujifilm Envisions the New Combined Xerox-Fuji Xerox
Fujifilm’s take on the proposed merger.
Xerox Responds to Deason Lawsuit that Seeks to Block Merger
Xerox valiantly attempts to defend its moves against outspoken outsiders.
Deason Files Lawsuit to Block Fujifilm Takeover of Xerox; Xerox Responds to Criticism
Deason says proposed Xerox-Fuji Xerox merger must be “stopped dead in its tracks.”
Icahn, Deason Slam Proposed Fujifilm Takeover of Xerox
These two industry outsiders probably don’t realize that print and copy volumes are still growing in Asia.
Combined Xerox and Fuji Xerox Will Create One of World’s Largest Copier Companies, Says Fujifilm CEO
In an interview with the Nikkei Asian Review last week, Fujifilm CEO and Chairman Shigetaka Komori said the Xerox acquisition will......
This Week in Imaging: Your Move, Carl Icahn
With Fujifilm’s purchase of a majority interest in Xerox, and Xerox’s merger with Fuji Xerox announced this week, one question......
Xerox and Fujifilm Announce Agreement for Xerox to Merge with Fuji Xerox
After weeks of speculation, Fujifilm Holdings and Xerox today announced an agreement that would merge Xerox with Fuji Xerox -......
This Week in Imaging: Nothing Lasts Forever – Or Does It? Plus, Toshiba Makes Key Move
A French environmental group has raised an interesting question via a lawsuit: are printers designed with planned obsolescence in mind......
Fuji Xerox Suing Former Fuji Xerox NZ Executives in Wake of Accounting Scandal
Japan’s Fuji Xerox, the joint venture between Xerox and Fujifilm Holdings, reports that it’s filed a lawsuit against former Fuji......
New Zealand Government Probing Fuji Xerox Accounting Irregularities
New Zealand government officials are reportedly probing Fuji Xerox New Zealand practices that reportedly include “massive salaries, made-up sales, and......
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