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Stock impact report

Xerox likely will not renew Fujifilm technology agreement [Seeking Alpha]

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: Seeking Alpha
Xerox likely will not renew Fujifilm technology agreementXerox (NYSE:XRX) says it will startsourcing products from new vendors to lower its dependency on Fujifilm (OTCPK:FUJIF,OTCPK:FUJIY) and does not expect to renew its technology agreement with the 56-year-old joint venture Fuji Xerox when it expires in 2021.XRX's described its moves in aletter to Fujifilm, which sued Xeroxlast week for more than $1B for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger deal.“Fujifilm should realize that the internal accounting issues at Fuji Xerox were a result of their mismanagement, which made it impossible to close the announced transaction,” XRX CEO John Visentin said in the letter.Click to subscribe to real-time analytics on FUJIFNow read:This 9% Yield Is The Best BDC... High Insider Ownership, 26% Return Potential » Show less Read more
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