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Tagged: FujiFilm

Fuji Xerox / Mergers & Acquisitions / News / Xerox

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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.”

Acquisitions / Canon / Electronics for Imaging / Epson / Financial News / Fuji Xerox / HP / Konica Minolta / Mergers & Acquisitions / Patent-Infringement / Xerox

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This Week in Imaging: What’s Next for Xerox? Plus, Ricoh, Epson, EFI Financials, More

A private-equity deal may also be in the works: on May 2nd Reuters reported that buy-out firm Appollo Global is approaching Xerox with possible acquisition in mind. Meanwhile, Fujifilm said it will appeal the court order blocking the deal.

Fuji Xerox / HP / Mergers & Acquisitions / News / Xerox

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Deason, Icahn, Urge Xerox Partnership with HP, Apple, Others, Monetization of IP

On April 17th, activist investors Carl Icahn and Darwin Deason, seeking to stop Fujifilm’s acquisition of Xerox for $6.1 billion and the creation of a new combined Xerox-Fuji Xerox, released a detailed presentation, Rescuing and Revitalizing an American Icon, that presents alternatives to the proposed deal.

Fuji Xerox / News / Xerox

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Icahn, Deason, Accuse Fujifilm, Xerox CEO of Deceiving Xerox Board

In the letter, the two investors, who together hold approximately 15 percent of Xerox shares, state that “Both the substance of the proposed value-destroying transaction and the conflict-tainted process by which it was hatched are an insult to long-suffering Xerox shareholders and make a mockery of well-established corporate governance norms.”

Legal Proceedings / Mergers & Acquisitions / News / Xerox

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Deason Alleges Xerox CEO Disregarded Board in Pursuing Fujifilm Deal

The battle between Xerox and activist investors Carl Icahn and Darwin Deason has become even more acrimonious, with new amendments to a Deason lawsuit alleging that Xerox CEO Jeff Jacobson pursued a deal with Fujifilm even after Xerox’s board advised him to stop negotiations.

Featured Posts / Fuji Xerox / Mergers & Acquisitions / Xerox

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Refuting Icahn, Deason, New Xerox Shareholder Letter Lays Out Benefits of Proposed Merger with Fuji Xerox

Specifically, the revenue and cost synergies identified through this combination include developing a more complete and competitive product portfolio, with enhanced offerings in areas where Xerox is currently underpenetrated such as high-speed inkjet and low-end A3;

Executive Management / News / Xerox

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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.