1. Carl Icahn and Darwin Deason are Trying to Stop the Xerox Fujifilm Deal

    Carl Icahn and Darwin Deason are Trying to Stop the Xerox Fujifilm Deal

    TXerox Corp's plan to sell itself to Japan's Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal.

    Masayuki Otani, chief market analyst at Securities Japan, said that Xerox and Fujifilm have limited options in terms of addressing Icahn's and Deason's opposition to the deal...

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    1. We urge you – our fellow shareholders – do not let Fuji steal this company from us.
    2. Combining the businesses for efficiency is probably the only way for Xerox to survive.
    3. The combined company will create a strong business foundation under a globally unified management strategy and provide new value by leveraging Fujifilm's technological resources.
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