Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal

The following appears on reuters.com

(Reuters) – Xerox Corp’s (XRX.N) plan to sell itself to Japan’s Fujifilm Holdings (4901.T) has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal.

The activist shareholders, who own a combined 15 percent of the U.S. printer and copier maker, said the agreement dramatically undervalued Xerox and criticized the deal structure, which calls for the U.S. firm to be combined into the Fuji Xerox joint venture, as “tortured, convoluted”.

 


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