Xerox made an offer to buy HP the day after the announcement of the Fuji Xerox merger. It looks like Xerox intends to use the cash gained from the sale in addition to financing to purchase the three times larger HP. Both companies make the majority of their revenue from print-related sales, which is a […]
Fujifilm has finally been able to come to an agreement with Xerox about the merger that was first announced over a year ago, which you can follow here. It’s a surprising development after Fujifilm decided to pursue damages against Xerox, but it seems the deal is a done deal. Fujifilm to own 100% of Fuji […]
The Fujifilm Xerox merger might be on after a New York State Appellate Court ruled in favor of Fujifilm, which effectively allows the merger agreement to go through as originally intended. The problem is that the activist investors that stopped the merger now run the company so they likely will be uninterested in fulfilling the original merger […]
Fujifilm is trying to force their merger with Xerox or collect damages, which is causing relations to sour between the two companies. Market insider published part of a letter between Vice Chairman and CEO John Visentin and Fujifilm’s Chairman Shigetaka Komori responding to the lawsuit filed by Fujifilm stating: “Fujifilm should realize that the internal accounting issues […]
Fujifilm is still trying to compel the merger with Xerox, but now they are setting a deadline of accomplishing it within 6 months or walking away. On Xerox’s side, Carl Icahn and Darwin Deason are still insisting on $40 a share, which would be a 43% premium over Fujifilm’s initial offer, which Fujifilm considers unreasonable. As […]
On Sunday Xerox announced that the merger was off and that they had reached a settlement with the activist shareholders that blocked the merger. The only real loss for Fujifilm is that they will not gain Xerox’s direct access to distribution channels in North America and Europe, which could have been used to help their […]
