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Stockreport

Fujifilm gains control of Xerox; JV to cut 10,000 jobs [MSN Money]

XEROX (XRX)  More Company Research Source: MSN Money
Last xerox earnings: 1/31 03:00 am Check Earnings Report
US:NYSE Investor Relations: news.xerox.com/investors
PDF © Photographer: Kiyoshi Ota/Bloomberg/Bloomberg Product Displays At The CP+ Camera And Imaging Expo Fujifilm Holdings Corp. is gaining control of Xerox Corp. in a deal that would create an $18 billion company and see the iconic American corporate giant launching into new lines of business to seek global growth. Quotes in the article The deal would combine Xerox, which has a market value of $8.3 billion, with a joint venture the company operates with Fujifilm, according to a statement Wednesday. Xerox shareholders will receive a $2.5 billion special cash dividend, or approximately $9.80 per share, funded from the combined company’s balance sheet, and own 49.9 percent of the combined company at closing. The joint venture will also cut 10,000 jobs globally as Fujifilm undertakes a restructuring, the Japanese company announced Wednesday. The new combined company, Fuji Xerox, will trade on the New York Stock Exchange and have dual headquarters in N [Read more]

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