US Court Hears Fujifilm’s Appeal of Order Blocking Xerox Takeover

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TOKYO/NEW YORK — Fujifilm Holdings‘ bid to acquire Xerox has entered a crucial stage, as a court in New York convened a hearing Tuesday on the Japanese company’s appeal against a lower court’s injunction earlier this year that put the deal on hold.

The Tokyo-based maker of films and optical equipment may be forced to call off the purchase if it loses the appeal.

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