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Stock impact report

Fujifilm says to sue Xerox soon to seek damages on scrapping of takeover [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
Fujifilm says to sue Xerox soon to seek damages on scrapping of takeover | Reuters Reuters Staff 1 Min Read TOKYO (Reuters) - Fujifilm Holdings Corp ( 4901.T ) is planning to sue Xerox Corp ( XRX.N ) soon to seek damages from the U.S. photocopier company for unilaterally scrapping their $6.1 billion takeover deal, a senior Fujifilm executive said on Friday. “We plan to file a damages lawsuit as soon as possible,” Kenji Sukeno, chief operating officer, said at an earnings briefing. In January, Xerox and Fujifilm had agreed to a complex deal to merge Xerox into their 56-year-old Asia joint venture Fuji Xerox and give Fujifilm control. Xerox scrapped the deal this week in a settlement with activist investors Carl Icahn and Darwin Deason, who opposed the takeover by Fujifilm saying it undervalued the U.S. company. Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2 Show less Read more
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