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Stock impact report

REFILE-Fujifilm wins appeal in battle with Xerox over scrapped merger [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 wins appeal in battle with Xerox over scrapped merger | Reuters 2 Min Read TOKYO (Reuters) - Fujifilm Holdings Corp ( 4901.T ) has won an appeal in its legal battle with Xerox Corp ( XRX.N ), with a U.S. court overturning preliminary injunctions requested by activist investors that had blocked a planned merger. Xerox in May scrapped a $6.1 billion deal with Fujifilm in a settlement with investors Carl Icahn and Darwin Deason that also handed control of the U.S. photocopier giant to new management. The ruling by the New York State Appellate Court could give Fujifilm leverage to bring Xerox management back to the negotiating table. The court found in its ruling that Xerox’s former CEO Jeff Jacobson had neither misled or misinformed the board. “The board, which engaged outside advisors and discussed the proposed transaction on numerous occasions prior to voting on agreeing to present it to the shareholders, did not engage in a mere post hoc review, nor was the transaction un Show less Read more
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