Xerox shares down after board cans Fujifilm deal [CNBC]
FUJIFILM HLDGS CORP ADR (FUJIY)
Last fujifilm hldgs corp adr earnings: 8/9 04:02 pm
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Source: CNBC
Xerox said it was ending a planned $6.1 billion deal with Fujifilm. The company also said it had reached a settlement with activist investors Carl Icahn and Darwin Deason that hands control of the U.S. photocopier giant to new management. Xerox shares fell 7.4 percent while Fujifilm shares rose 1.5 percent. Published 8 Hours Ago Updated 32 Mins Ago Reuters Tony Avelar | Bloomberg | Getty Images Xerox shares fell 4 percent on Monday after the photocopier pioneer said it scrapped a planned $6.1 billion deal to merge with Fujifilm . The decision hands victory in one of the biggest ongoing U.S. proxy fights to activist investors Carl Icahn and Darwin Deason, who say they can secure better offers for the company than the deal with Fujifilm. Some Tokyo-based analysts warned a long renegotiation of price and terms as well as attempts to restructure the pair's existing joint venture could damage bot
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