Monday, 14 May 2018

Technology firm Xerox aborts $6.1bn sale to Japan's Fujifilm

Technology firm Xerox has ended its controversial sale to Japan's Fujifilm after reaching a deal with activist investors Carl Icahn and Darwin Deason.

Together, they own 15% of Xerox and had opposed the $6.1bn (£4.5bn) deal as they said it undervalued the firm.

The decision ends months of infighting, including a major boardroom clear-out.

However, Fujifilm has disputed Xerox's "unilateral decision", adding: "We do not believe that Xerox has a legal right to terminate our agreement."

"We are reviewing all of our available options, including bringing a legal action seeking damages," Fujifilm added.

BBC         News.

No comments:

Post a Comment