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CORRECTED-UPDATE 1-Fuji deal 'dramatically undervalues' Xerox, say Icahn and Deason [Reuters]

XEROX (XRX)  More Company Research Source: Reuters
Last xerox earnings: 1/31 03:00 am Check Earnings Report
US:NYSE Investor Relations: news.xerox.com/investors
PDF Fuji deal 'dramatically undervalues' Xerox, say Icahn and Deason | Reuters Reuters Staff 2 Min Read (Reuters) - Xerox Corp ( XRX.N ) shareholders Carl Icahn and Darwin Deason strongly criticized the printer and copier maker’s plan to sell itself to Japan’s Fujifilm Holdings ( 4901.T ), saying the transaction “dramatically undervalues” Xerox. Shares of Xerox were up nearly 2 percent at $30.06 in early trading on Monday. “We urge you – our fellow shareholders – do not let Fuji steal this company from us,” Icahn and Deason said in an open letter. The top shareholders termed the deal structure as “tortured (and) convoluted”. In an emailed statement, Xerox told Reuters it considered several other options in detail and concluded that the combination with Fuji Xerox is the “best path to create value” for the company. The two investors said there is still great opportunity for Xerox to create “enormous value for shareholders, and it does not involve selling control to Fuji without a premi [Read more]

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