Xerox Holdings Corp. on Monday said it had raised the $24 billion necessary for its proposed hostile takeover of HP Inc. The document company has received financial commitments from Citi, Mizuho and Bank of America. In November, Xerox officials reached ...

Tagged with: carl icahn fujifilm hp john visentin 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 Thursday reported a drop in second quarter revenues and earnings, missing Street estimates. The document company also announced plans for a $1 billion share repurchase program, and Xerox will opportunistically buy back up to $500 million in ...

Tagged with: Earnings fujifilm visentin 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

New Xerox Corp. head John Visentin broke his silence Monday about the failed Fujifilm Holdings Corp. merger and subsequent $1 billion lawsuit brought against the document company. “We cannot stand by and let them further harm our iconic brand,” Visentin ...

Tagged with: fujifilm 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

Following its announcement of a merger agreement with Fujifilm Holdings Corp., Xerox Corp. on Wednesday reported a fourth-quarter earnings drop and roughly flat sales. For the quarter ended Dec. 31, Xerox reported revenue of $2.75 billion, compared with $2.73 billion ...

Tagged with: Earnings fuji xerox fujifilm xerox

Xerox Corp., long a regional icon and one-third of Rochester’s one-time Big Three employers, settled rumors on Wednesday by announcing that the document company has agreed to merge with longstanding partner Fujifilm Holdings Corp. The $6.1 billion deal will give ...

Tagged with: fuji xerox fujifilm xerox