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Stockreport

Xerox shares surge 8% on report of Fujifilm deal [MarketWatch]

XEROX (XRX)  More Company Research Source: MarketWatch
Last xerox earnings: 1/31 03:00 am Check Earnings Report
PDF Xerox shares surge 8% on report of Fujifilm deal Shares of Xerox Corp. XRX, -0.49% surged more than 8% in after-hours trading Tuesday after a Wall Street Journal report that Japan's Fujifilm Holdings Corp. 4901, -0.55% was nearing a deal to buy a little more than half of the company. The Journal said a deal could be announced as soon as Wednesday. Xerox has a market cap of about $8.32 billion. Earlier this month, the Journal reported that activist Xerox investors Carl Icahn and Darwin Deason were urging the company to pursue a sale. Xerox shares closed Tuesday down slightly at $32.68, but are up 12% year to date, compared to the S&P 500's 5.5% rise. [Read more]

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