Carl Icahn: Don't let Fujifilm 'steal' Xerox [CNNMoney.com]
FUJIFILM HLDGS CORP ADR (FUJIY)
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Source: CNNMoney.com
Carl Icahn's warning: Don't let Fujifilm 'steal' XeroxActivist investor Carl Icahn is urging Xerox shareholders to shred a planned takeover by Japan's Fujifilm.The American billionaire warned Monday that going ahead with the deal would be the "final death knell" for the iconic U.S. printer and copier company.Xerox (XRX) announced two weeks ago that it struck a deal to merge itself with a joint venture it operates with Fujifilm (FUJIF) in Asia. The plan will give the Japanese firm 50.1% of the merged company, with Xerox shareholders holding the rest.Related: How Xerox became a verbAs part of the deal, Xerox shareholders will receive cash dividends totaling $2.5 billion -- or about one-third of Xerox's current market value. But that's not enough to satisfy Icahn, a former adviser to President Trump."The current board of directors has overseen the systematic destruction of Xerox, and, unless we do something, this latest Fuji scheme will be the company's final death knell," Icahn and fe
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