This Week in Imaging: Xerox Scrapping Fujifilm Deal Results in Only More Headaches
It seems more than ironic that Xerox’s decision in May to scrap a complicated deal under which Fujifilm would take......
Tagged: FujiFilm
Fujifilm to Xerox: We Will Sell Alone in North America, Europe
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: Xerox Plan to Sell Directly in Asia-Pacific Will be “Extremely Difficult”
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.”
Judge Refuses to Lift Injunction Barring Xerox-Fujifilm Deal
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......
Fujifilm Sues Xerox for $1 Billion over Failed Merger Deal
The Xerox-Fujifilm saga continues to roll on, with Bloomberg reporting that today in the U.S. District Court in Manhattan, Fujifilm of......
Xerox CEO Visentin Joins Fuji Xerox Board of Directors
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.
‘That Price is Too High’ Says Fujifilm CEO of Icahn Offer
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.
Fujifilm May Walk Away from Xerox Deal
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.”
Fujifilm Sues Xerox Over Scrapped Sale and Merger
Print Week reports that, as Fujifilm recently threatened, it’s taken Xerox – which last month scrapped a complicated sale of......
New Xerox CEO Visentin Explains Strategic Alternatives
Visentin assures employees that Xerox will continue “to run the business well” and support its thousands of customers.
What’s Next for Xerox? Private Equity Sale, Competitor Sale, or Icahn Plan?
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 May Pursue Legal Action Seeking Damages over Terminated Xerox Deal
“Fujifilm disputes Xerox’s unilateral decision to terminate the transaction,” the company said in its statement.
Xerox Shareholders to Take Aim at Fuji Xerox Contract Provisions for Xerox Sale
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.”
Fujifilm Responds to Xerox Decision to Call Off Proposed Deal
Under the agreement announced yesterday, Carl Icahn consultant and former Hewlett-Packard and IBM executive John Visentin will be the new vice chairman of the Xerox board and new Xerox CEO, and various Xerox board members resigned
Xerox Calls Off Deal with Fujifilm, Will Install New Leadership
Robert J. Keegan, Charles Prince, Ann N. Reese, William Curt Hunter, and Stephen H. Rusckowski each resigned from the Xerox Board of Directors.
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