We will never know what might have happened if the Xerox’s settlement offer was accepted to try to move things forward, which expired at 8:00 p.m. ET on May 3, 2018, because now Xerox is looking to fight for the merger alongside Fujifilm. Up until this point Fujifilm has largely remained silent, but they are now pushing to have the original terms of the deal fulfilled, while Xerox is looking to make the deal a little better for shareholders.
The renewed energy to fight off the lawsuit from activist shareholders seems to be the result of Xerox’s stock slumping after the announcement of the settlement. It seems like shareholders and the market want this deal to go through so the merger might happen with a few tweaks. Xerox has already appealed the decision to hold up the merger and Deason and Icahn have vowed to fight to block the merger until the end so this could go on for some time. It seems Deason and Icahn want Fujifilm to purchase all of Xerox or for them to not have control over the company as part of the deal, but these seem like unlikely demands to be satisfied based on the original deal. We will continue to follow the story as it unfolds.
via wsj, the-japan-news
