The Wall Street Journal: Xerox said to be discussing major deal with Fujifilm [MarketWatch]
FUJIFILM HLDGS CORP ADR (FUJIY)
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Source: MarketWatch
Xerox said to be discussing major deal with Fujifilm Xerox Corp. is in talks to potentially strike a major deal with Japan’s Fujifilm Holdings Corp. as the U.S. document pioneer struggles to reinvent itself. The two companies, which already have a joint venture, are discussing an array of possible deals that may or may not include a change of control of Xerox, according to people familiar with the matter. A full takeover of the Norwalk, Conn., company isn’t on the table, one of the people said. No deal appears imminent and one may not be reached. Should there be a change of control of Xerox, it would mark the end of the independence of a stalwart of American industry that was an early technological trailblazer that has been bedeviled by a drop off in demand for office printing. A deal would give both Fujifilm 4901, -1.54% and Xerox a chance to root out costs and make their legacy businesses more efficient, some of the people said. Xerox shares XRX, +0.53% , which topped out at m
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