The following appears on wsj.com

Xerox shareholders would own just under half of new company

By Dana Mattioli, Dana Cimilluca and David Benoit – Xerox Corp. is nearing a deal with Japan’s Fujifilm Holdings Corp. that would mark the end of the independence of the stalwart of 20th-century American industry.

The deal would combine Xerox with a joint venture the company has with Fujifilm, and the U.S. company’s shareholders would own just under half of the resulting entity, according to people familiar with the matter. As part of the deal, to be announced as soon as Wednesday, Xerox shareholders would get an implied premium for their stock and some cash, one of the people…

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