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Stock impact report

Deason sues Xerox to allow new board nominations [Reuters]

Xerox Holdings Corporation (XRX) 
Last xerox holdings corporation earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: news.xerox.com/investors
Company Research 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 Show less Read more
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