Industry News, Ink Manufacturers News, Mergers and Acquisitions, Printers News

Xerox Terminates Transaction Agreement with Fujifilm

Enters into new agreement with Carl Icahn and Darwin Deason.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox announced that, at 5:00 p.m. ET on May 13, 2018, it notified Fujifilm that the previously announced transaction agreement to combine Xerox with Fuji Xerox is being terminated in accordance with its terms due to, among other things, the failure by Fujifilm to deliver the audited financials of Fuji Xerox by April 15, 2018 and the material deviations reflected in the audited financials of Fuji Xerox, when delivered, from the unaudited financial statements of Fuji Xerox and its subsidiaries pr...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters