Xerox shareholders Icahn, Deason urge company to sell itself to rivals

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(Reuters) – Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.

Xerox could combine with a competitor that is actually willing to pay a significant premium, or Japan’s Fujifilm Holdings themselves would step up and offer a full buy-out on fair terms, the shareholders wrote in an open letter. (

The activist shareholders, who own a combined 15 percent of the U.S. printer and copier maker, have repeatedly urged shareholders to oppose the Fuji-Xerox deal.

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