Fujifilm Holdings Corp (4901.T)
23 Feb 2018
Feb 20 Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.
Xerox Corp shareholder Darwin Deason asked a court on Tuesday to block the company's merger with Japan's Fujifilm Holdings Corp , claiming the U.S. photocopier maker's board failed shareholders by approving a deal that undervalues the company.
Feb 13 Xerox Corp shareholder Darwin Deason asked a court on Tuesday to block the company's merger with Japan's Fujifilm Holdings Corp, claiming the U.S. photocopier maker's board failed shareholders by approving a deal that undervalues the company.
Xerox Corp's plan to sell itself to Japan's Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal. | Video
Faith in the economy is reason to think this current stock market correction is unlikely to deepen into a full-blown bear market. That is the read of stock market strategists and other market watchers looking at past pullbacks of at least 10 percent on the S&P 500 and whether the benchmark index is likely to extend its decline to 20 percent, or bear market territory. https://www.reuters.com/article/us-usa-stocks-bear-analysis/history-suggests-strong-economy-can-ward-off-bear-market-idUSKBN1FW2NR
* DARWIN DEASON SAYS HAS FILED LAWSUIT AGAINST FUJIFILM HOLDINGS CORP, XEROX, CURRENT XEROX BOARD MEMBERS, & URSULA BURNS, XEROX'S FORMER CHAIRMAN & CEO
Feb 13 The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday:
Feb 13 Xerox Corp management on Tuesday defended itself and decision to merge with Japan's Fujifilm Holdings, calling criticism from activist shareholders Carl Icahn and Darwin Deason misleading and inaccurate.
* Icahn, Deason say proposed deal is convoluted, undervalues Xerox
* Says it completed repurchase of 10.9 million shares of its common stock, for 50 billion yen in total, as of Feb. 7