Deason sues Xerox to allow new board nominations [Reuters]
Xerox Holdings Corporation (XRX)
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Source: Reuters
Deason sues Xerox to allow new board nominations | Reuters 2 Min Read (Reuters) - Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp ( XRX.N ) on Friday after it refused to allow him to make nominations to its board after a deadline, the latest blows in a row over its proposed merger with Fujifilm Holdings Corp ( 4901.T ). Deason said on Monday he had the right to nominate directors, despite missing a deadline, because the current board had made a series of significant decisions and disclosures to stockholders after the deadline. Xerox earlier on Friday said Deason did not have the right to nominate directors outside of the nomination window. ( bit.ly/2HX4y5x ) Deason and fellow shareholder and hedge fund manager Carl Icahn are trying to stop Japan’s Fujifilm from taking over Xerox in a $6.1 billion deal. The two investors, who control 15 percent of Xerox, argue the transaction dramatically undervalues the company and“disproportionately” favors Fuji. "We need
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News
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- Should Value Investors Buy Xerox (XRX) Stock? [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Corporation Announces Full Exercise of Over-Allotment Option for its 3.75% Convertible Senior Notes due 2029, and Completion of Series of Financing TransactionsBusiness Wire
- Xerox Holdings Co. (NYSE: XRX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Xerox Holdings Corporation Announces Closing of Senior Notes OfferingBusiness Wire
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- 1/25/24 - Miss
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Analyst Actions
- 1/26/24 - JP Morgan
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- 3/25/24 - Form 8-K
- 3/15/24 - Form 8-K
- 3/13/24 - Form 4
- XRX's page on the SEC website