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Thursday, May 10, 2018
Xerox to Resume Take Over Talks With Fujifilm


Copier maker Xerox Corp. decided to restart negotiations on the acquisition by Japanese Fujifilm Holdings Corp., seeking for a better deal to terms announced at the end of January.

According to a letter to shareholders disclosed on Wednesday, Xerox will review the $6.1 billion acquisition agreement reached with Fujifilm in late January, aiming at "superior terms" to the deal.

On April 27, a court in New York state accepted a complaint by major Xerox shareholders - mainly Carl Icahn and Darwin Deason - opposed to the deal saying that its undervalued the company, and ordered a suspension of the takeover process.

Fujifilm said on Thursday that the current deal provides the best value for the shareholders of both firms.



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