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UPDATE 1-Xerox bites back at Icahn, Deason over Fujifilm deal criticisms [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 UPDATE 1-Xerox bites back at Icahn, Deason over Fujifilm deal criticisms | Reuters Reuters Staff 2 Min Read (Adds comments from Xerox, shareholders, background and share prices) Feb 13 (Reuters) - Xerox Corp hit back at activist shareholders Carl Icahn and Darwin Deason on Tuesday, calling criticisms of its decision to merge with Japan’s Fujifilm Holdings misleading and inaccurate. Fujifilm agreed to take over Xerox last month in a $6.1 billion deal, combining the U.S. company into their existing joint venture, Fuji Xerox, in which it owns a 75 percent stake. In a letter to shareholders who still have to vote for the deal, the printer and copier maker said after looking into several alternatives, a joint venture with Fujifilm seemed to be the best path for the company. Some analysts have said that Xerox and Fujifilm management seem locked into the deal and have limited options in terms of addressing Icahn’s and Deason’s opposition. On Monday, Icahn and Deason called upon shareholders [Read more]

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