Xerox bites back at Icahn, Deason over Fujifilm deal criticisms [Reuters]
Xerox Holdings Corporation (XRX)
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Source: Reuters
Xerox bites back at Icahn, Deason over Fujifilm deal criticisms | Reuters Reuters Staff 2 Min Read (Reuters) - Xerox Corp ( XRX.N ) hit back at activist shareholders Carl Icahn and Darwin Deason on Tuesday, calling criticisms of its decision to merge with Japan’s Fujifilm Holdings ( 4901.T ) 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 to free “the company from the shackles of the Fuji Xerox join
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