The Wall Street Journal: Xerox defends CEO’s authority on Fujifilm deal after investor’s accusations [MarketWatch]
Xerox Holdings Corporation (XRX)
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Source: MarketWatch
Xerox defends CEO’s authority on Fujifilm deal after investor’s accusations Xerox Corp. defended its chief executive against accusations from one of its biggest investors Thursday, saying Jeff Jacobson had proper board authority to negotiate a deal with Fujifilm Holdings Inc., as the sides continued to brawl over the transaction. Billionaire Xerox shareholder Darwin Deason has alleged in a lawsuit that Jacobson was seeking to save his own job in rushing to complete a deal with Fujifilm in January. The civil suit, filed in New York City in March and amended on Sunday, cites documents and board communications that it says show Jacobson was nearly fired when he inked the deal that would keep him in charge. Documents cited in the suit show Jacobson had been told in November to stop negotiating because the board was considering replacing him, The Wall Street Journal reported Sunday. Xerox XRX, +0.20% doesn’t dispute that its chairman, Robert Keegan, instructed Jacobson to halt negotiati
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News
- Xerox Holdings Co. (NYSE: XRX) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $17.00. They now have an "underweight" rating on the stock.MarketBeat
- After Plunging -16.47% in 4 Weeks, Here's Why the Trend Might Reverse for Xerox (XRX) [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Corporation (NASDAQ:XRX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings First Quarter 2024 Earnings: US$0.94 loss per share (vs US$0.43 profit in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Co. (NYSE: XRX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
XRX
Earnings
- 4/23/24 - Miss
XRX
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form DEF
- 4/4/24 - Form ARS
- XRX's page on the SEC website