Post by Tix Mascot on Jun 21, 2018 8:25:43 GMT
The merger would have combined Xerox with the 56-year-old joint venture Fujifilm Xerox, in which Fujifilm and Xerox had stakes of 75 percent and 25 percent, respectively.
Thereafter, Fujifilm would have owned 50.1 percent of Xerox’s common stock and Xerox shareholders would have received a $2.5 billion special dividend.
Fujifilm had hoped the merger would deliver at least $1.7 billion of cost savings and $1 billion of new revenue annually.
Its lawsuit also seeks punitive damages and a $183 million merger termination fee.
money.cnn.com/2018/06/19/investing/fujifilm-xerox-lawsuit-billion/index.html
Thereafter, Fujifilm would have owned 50.1 percent of Xerox’s common stock and Xerox shareholders would have received a $2.5 billion special dividend.
Fujifilm had hoped the merger would deliver at least $1.7 billion of cost savings and $1 billion of new revenue annually.
Its lawsuit also seeks punitive damages and a $183 million merger termination fee.
money.cnn.com/2018/06/19/investing/fujifilm-xerox-lawsuit-billion/index.html
