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Xerox says it is ending Fujifilm deal, settles with Icahn, Deason

Reuters  |  NEW YORK 

By Alwyn ScottNEW YORK (Reuters) - Xerox Corp said on Sunday it was ending a planned $6.1 billion deal with Fujifilm Holdings Corp and had reached a settlement with activist investors Carl Icahn and Darwin Deason.The company said Chief Executive Officer Jeff Jacobson had resigned and that John Visentin was expected to be the new CEO. Xerox also replaced five directors as part of a board reshuffle. The company said earlier this month that the CEO and board changes were planned."We are extremely pleased that Xerox finally terminated the ill-advised scheme to cede control of the company to ...

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First Published: Mon, May 14 2018. 10:29 IST