Wednesday, May 16, 2018

Xerox Board says get better conditions with the Fujifilm

The Board of Xerox said this Wednesday (9) that you want to resume merger discussions with Fujifilm, seeking a deal higher than the terms announced in late January, which have spurred an indirect fight for the company. Reuters published in April that Xerox had informed the Court of New York on the reopening of negotiations on the deal to $ $6.1 billion for the Japanese company to buy the American manufacturer of printing and copying machines. The company, a synonym for photocopy half a century ago, is being criticized by the investors Carl Icahn and Darwin Deason for trying to sell to the Japanese Fujifilm in a complex agreement that they say devalue drastically Xerox. Icahn and Deason, who together hold about 15 percent of Xerox, announced in April an alternative plan for the company, which could create a total amount $ $54 $ $64 per share, compared to $ $28 per share of the agreement with Fujifilm. With judicial decisions pointing to a prolonged battle, the hedge fund managers said earlier this week that it would consider a cash offer of Fujifilm of at least $ $4 per share-43% more than the current bid.
G1 - 09/05/2018 News Item translated automatically
Click HERE to see original
Other news
DATAMARK LTDA. © Copyright 1998-2019 ®All rights reserved.Av. Brig. Faria Lima,1993 third floor 01452-001 São Paulo/SP