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Xerox Shareholders Icahn, Deason Urge Company to Sell Itself to Rivals

Xerox Shareholders Icahn, Deason Urge Company to Sell Itself to Rivals
(Mohamed Ahmed Soliman | Dreamstime)

Tuesday, 20 February 2018 10:38 AM

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 could combine with a competitor that is actually willing to pay a significant premium, or Japan's Fujifilm Holdings themselves would step up and offer a full buy-out on fair terms, the shareholders wrote in an open letter.

On Jan. 31, Fujifilm said it was set to take over Xerox in a $6.1 billion deal and combine it into their existing joint venture, Fuji Xerox.

Xerox was not immediately available for comment. 

© 2018 Thomson/Reuters. All rights reserved.

   
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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 could combine with a competitor that is actually willing to pay a significant premium, or Japan's Fujifilm...
xerox, icahn, sell, rivals
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2018-38-20
Tuesday, 20 February 2018 10:38 AM
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