Fuji deal 'dramatically undervalues' Xerox, say Icahn and Deason [Reuters (UK)]
Xerox Holdings Corporation (XRX)
Last xerox holdings corporation earnings: 4/28 06:30 am
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Source: Reuters
Fuji deal 'dramatically undervalues' Xerox, say Icahn and Deason | Reuters Reuters Staff 2 Min Read (Reuters) - Xerox Corp shareholders Carl Icahn and Darwin Deason strongly criticized the printer and copier maker’s plan to sell itself to Japan’s Fujifilm Holdings, 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. ( bit.ly/2skuvYM ) 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 premium”. O
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News
- Xerox Holdings Co. (NYSE: XRX) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $17.00. They now have an "underweight" rating on the stock.MarketBeat
- After Plunging -16.47% in 4 Weeks, Here's Why the Trend Might Reverse for Xerox (XRX) [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Corporation (NASDAQ:XRX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings First Quarter 2024 Earnings: US$0.94 loss per share (vs US$0.43 profit in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Co. (NYSE: XRX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
XRX
Earnings
- 4/23/24 - Miss
XRX
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form DEF
- 4/4/24 - Form ARS
- XRX's page on the SEC website