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Xerox Fuji Merger Agreement

But Icahn and Deason blew up the deal, saying it significantly undervalued American society and would be its “fatal blow.” With a combined 15% stake in Xerox, they launched an aggressive campaign to stop the merger and oust senior executives, including CEO Jeff Jacobson. “The relationship between Xerox and Fuji seemed strained in public after Fuji`s failed acquisition of Xerox last year,” he said. “I have not seen any disruptions in the products we receive from Fuji Xerox through Xerox, and I am pleased that Fuji`s agreement to be a key supplier to Xerox has been extended. Hopefully, both sides can move forward and grow. As a xerox distribution partner, it is in my best interest for both companies to thrive. “These agreements re-establish our relationship with Fujifilm and provide both companies with tremendous opportunities for joint and independent growth,” John Visentin, vice president and CEO of Norwalk, Xerox, headquartered in Connecticut, said in a statement. “These agreements also unlock significant unmatched value for our shareholders, bring more clarity to our customers, and help us accelerate our transformation into a digitally driven business.” The legal dispute between Norwalk-based Xerox Holdings Corp. and fujifilm Holdings Corp., Japan, following their abortive merger in 2018, has been resolved. Cautionary Note Regarding Forward-Looking Statements This press release and other written or oral statements made by management from time to time contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “should” and similar expressions with respect to them are intended to identify forward-looking statements. These statements reflect management`s current beliefs, assumptions and expectations and are subject to a number of factors that could cause actual results to differ significantly.