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Shareholder Deason sues Xerox in U.S. to block Fujifilm deal [Reuters (UK)]

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 Shareholder Deason sues Xerox in U.S. to block Fujifilm deal | Reuters 4 Min Read (Reuters) - Xerox Corp ( XRX.N ) shareholder Darwin Deason asked a court on Tuesday to block the company’s merger with Japan’s Fujifilm Holdings Corp ( 4901.T ), claiming the U.S. photocopier maker’s board failed shareholders by approving a deal that undervalues the company. The lawsuit is the latest in Deason and fellow shareholder Carl Icahn’s fight to stop Fujifilm from taking over Xerox in a $6.1 billion deal. The two investors, who control 15 percent of Xerox, aruge the transaction dramatically undervalues Xerox and “disproportionately” favors Fuji. The Fujifilm deal, “must be stopped dead in its tracks,” said Deason’s lawsuit filed in state court in New York. Xerox has countered the claims saying that the merger seemed to be the best path for the company after a year of exhaustive examination of a number of alternatives. “Mr. Deasonâ??s allegations are without merit and the company will vigorou [Read more]

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