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.