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Xerox abandons planned deal with Fujifilm in victory for Icahn and Deason

Reuters  |  NEW YORK/TOKYO 

By Alwyn Scott and Makiko YamazakiNEW YORK/TOKYO (Reuters) - Xerox Corp has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management.The victory for the billionaire investors puts the Japanese company further on the back foot in any new negotiations with Xerox, although it is by no means out of contention as Xerox is now expected to go up for sale in an auction at a higher price.Xerox said that it had over several weeks repeatedly asked ...

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First Published: Tue, May 15 2018. 02:41 IST