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0.000510899182561206 0.00102179836512253 0.00238419618528599 0.00102179836512253 0.0042574931880109 0.00238419618528599 0.00306539509536784 -0.00272479564032704
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Xerox's stock falls after 3rd-largest shareholder sues to block Fujifilm deal [MarketWatch]

XEROX (XRX)  More Company Research Source: MarketWatch
Last xerox earnings: 1/31 03:00 am Check Earnings Report
US:NYSE Investor Relations: news.xerox.com/investors
PDF Xerox's stock falls after 3rd-largest shareholder sues to block Fujifilm deal Shares of Xerox Corp. XRX, -1.94% slumped 2.4% in morning trade Tuesday, after Darwin Deason, who he says is the document management company's third-largest shareholder, sued Xerox and its current board members, Xerox's former Chief Executive Ursula Burns and Japan's Fujifilm Holdings Corp. 4901, -3.23% in an effort to block the deal in which Fujifilm acquires a controlling stake in Xerox. Deason alleges in his complaint that The Xerox-Fujifilm deal, which was announced on Jan. 31 , is a result of an "improper and fraudulently concealed 'crown jewel' lock-up agreement that Xerox entered into with Fuji 17 years ago, that was never disclosed to Xerox's shareholders before the signing of the Xerox/Fuji transaction." Deason said his objective is to enjoin the transaction, terminate the Xerox/Fuji lock-up agreements and seek "strategic alternatives" for Xerox. The stock has now shed 14.3% so far this month, [Read more]

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