Fourth-quarter sales fell more than 2 percent for Xerox Holdings Corp., the document company reported this week, but still managed to beat Street estimates. For the quarter ended Dec. 31, Xerox reported revenue of $2.44 billion, down from $2.5 billion ...

Tagged with: Earnings fuji hp john visentin xerox

Xerox Holdings Corp. has launched its hostile takeover bid of Hewlett Packard Inc., beginning with an investor presentation made available to HP shareholders on Monday. “There is a clear path to realizing increased value from your investment in HP—the proposed ...

Tagged with: fuji hewlett packard hostile takeover hp visentin xerox

Days after revealing that activist investor and Xerox Holdings Corp. majority shareholder Carl Icahn had purchased $1.2 billion in Hewlett Packard Inc. stock—a sign that the 83-year-old investor wholeheartedly backed a merger between the two companies—HP announced it had rejected ...

Tagged with: fuji hp merger xerox

The feud between Xerox Holdings Corp. and Fujifilm Holdings Corp. may finally be over. Fuji has agreed to acquire Xerox’s one-quarter stake in Fuji Xerox for $2.3 billion, the two companies said Tuesday. Both companies’ boards agreed to the deal, ...

Tagged with: fuji fuji xerox fujifilm komori visentin xerox

Xerox Corp. on Tuesday posted mixed fourth quarter results, falling short of some Street estimates. Revenue for the quarter ended Dec. 31 was $2.53 billion, a nearly 8 percent decrease from the fourth quarter last year. Net income for the ...

Tagged with: fuji visentin xerox

Xerox Corp. on Tuesday reported a drop in third quarter revenue and earnings, missing Street estimates for sales, but beating estimates for EPS. In the first full quarter since its leadership shakeup in May, Xerox reported a nearly 6 percent ...

Tagged with: Earnings fuji visentin xerox

Xerox Corp.’s merger woes aren’t over yet. A New York Appellate court on Tuesday overturned preliminary injunctions that blocked Fujifilm Holdings Corp. from moving forward with a planned $6.1 billion merger of the two companies. “Plaintiffs failed to show bad ...

Tagged with: fuji mergers xerox

The Xerox/Fuji feud is looking more and more like a bad breakup. Fujifilm Holdings Corp. Chairman Shigetaka Komori responded in kind this week to a “Dear John” letter from new Xerox Corp. CEO John Visentin, in which he detailed why ...

Tagged with: fuji fujifilm komori visentin xerox

Fujifilm Holdings Corp. is suing Xerox Corp. for breach of contract over the failed merger earlier this year. Fuji is seeking more than $1 billion in damages. In a complaint filed with the U.S. District Court in Manhattan Monday, Fuji ...

Tagged with: carl icahn darwin deason fuji fujifilm xerox

An amended lawsuit filed by Xerox Corp.’s third-largest shareholder alleges that company CEO Jeff Jacobson pursued a deal with Fujifilm Holdings Corp. that his board neither wanted nor approved, and that Jacobson orchestrated the deal in order to keep his ...

Tagged with: deason fuji xerox