Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
Xerox cancels merger with Fujifilm www.nhk.or.jp
A planned merger between 2 leading US and Japanese printer and copier companies has been called off due to shareholder opposition.
Executives at Japan's Fujifilm Holdings said in January that they had reached an agreement with Xerox to merge the US firm with a subsidiary.
But Carl Icahn and another major Xerox shareholder opposed the transaction, claiming Fujifilm had undervalued the American company.
Xerox now says it has reached a settlement with the shareholders and is terminating the merger.
It says CEO Jeff Jacobson and several other executives will be replaced.
Xerox plans to appoint a new leadership and discuss alternative strategies.
Icahn said in a statement he's extremely pleased that Xerox ended the deal. He called it a new beginning.
Published Date:2018-05-14
