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Fujifilm wins appeal in legal battle with Xerox over aborted $6.1 bn deal

Xerox in May scrapped a $6.1 billion deal with Fujifilm in a settlement with investors Carl Icahn and Darwin Deason

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Fujifilm  |  Fujifilm Holdings  |  Carl Icahn

Reuters  |  Tokyo 

Japan's Fujifilm Holdings Corp has won an appeal in its legal battles with Xerox Corp, with a New York court overturning preliminary injunctions requested by an activist investor that had blocked their planned merger. Xerox in May scrapped a $6.1 billion deal with Fujifilm in a settlement with investors Carl Icahn and Darwin Deason that also handed control of the U.S. photocopier giant to new management. The ruling by the New York State Appellate Court could give the Japanese firm leverage to bring Xerox management back to the negotiating table. Fujifilm is also suing Xerox ...

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First Published: Wed, October 17 2018. 11:26 IST
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