-
Fujifilm Shares Skyrocket As China Says Its Flu Medicine Works For Coronavirus
Wednesday, March 18, 2020 - 5:03am | 316The shares of FUJIFILM Holdings Corporation (OTC: FUJIY) hit their daily permissible high limit on Wednesday's open in Tokyo. What Happened The massive jump in an otherwise bearish market came as China suggested that an influenza medicine developed by subsidiary FUJIFILM Toyama Chemical Co. Ltd...
-
Fujifilm To Terminate Sales Partnership With Xerox In 2021
Monday, January 6, 2020 - 1:38am | 394Tokyo-based Fujifilm Holdings Corporation (OTC: FUJIY) will end its sales partnership with U.S. office equipment maker Xerox Holdings Corp (NYSE: XRX) in March 2021, according to Nikkei Asian Review. What Happened Fujifilm’s subsidiary Fuji Xerox Co., Ltd. informed U.S.-based Xerox on...
-
Deason, Icahn Victorious As Xerox Calls Off Fujifilm Deal, Shakes Up Board
Monday, May 14, 2018 - 9:13am | 379Xerox Corp (NYSE: XRX) announced late Sunday it terminated its agreement with Fujifilm to merge Xerox and Fuji Xerox . The firm instead pivoted to an agreement with Carl Icahn and Darwin Deason — major shareholders and opponents of the deal — to resolve a pending proxy battle...
-
Another Notch On Icahn's Activist Belt: Xerox CEO Out As Part Of Settlement
Wednesday, May 2, 2018 - 9:13am | 364Activist investor Carl Icahn notched a big win after Xerox Corp (NYSE: XRX) said its CEO and most of its board of directors will be stepping down. What Happened Icahn and Darwin Deason, two heavyweight investors and large Xerox shareholders, made it clear they strongly oppose Xerox's proposed...
-
Xerox, Icahn And Deason Continue To Squabble Over Fujifilm Deal
Tuesday, February 20, 2018 - 3:10pm | 373For a brief moment, it seemed Xerox Corp (NYSE: XRX) might just get away with its Fujifilm merger unopposed. But shareholders Carl Icahn and Darwin Deason, who had earlier pressured Xerox management to explore strategic alternatives, emerged Tuesday to challenge the plan. “For 17 years, Xerox...
-
Icahn, Deason Say Xerox-Fujifilm Merger Makes Shareholders 'Virtually Powerless'
Monday, February 12, 2018 - 11:47am | 617Xerox Corp (NYSE: XRX)'s plans to merge with Japan's Fujifilm Holdings is being questioned by two of Xerox's biggest shareholders, Carl Icahn and Darwin Deason. What You Need To Know Icahn, Xerox's biggest shareholder, and Deason, the company's third biggest shareholder,...
-
Xerox Hasn't Discussed Fuji Deal With Carl Icahn, Darwin Deason
Thursday, February 1, 2018 - 1:53pm | 465Xerox Corp (NYSE: XRX) announced Wednesday a $6.1 billion merger with its Fuji Xerox joint venture — a deal never discussed with two of the firm’s largest shareholders, a company spokesperson told Benzinga Thursday. Carl Icahn and Darwin Deason together hold more than 15 percent of...
-
Analyst: Buy Xerox — Whether Fuji Deal Closes Or Not
Thursday, February 1, 2018 - 10:56am | 417Xerox Corp (NYSE: XRX) said on Wednesday it has reached a merger agreement with Fujifilm in which the Japanese company will buy Xerox for $6.1 billion and combine the American company into its existing joint venture, Fuji Xerox. But the case for owning Xerox's stock could have been made without...