The complaint followed the months-long merger between Fujifilm and Jeff Jacobson, then CEO of Xerox. After the announcement in January 2018 of an agreement between the two, which valued Xerox at 26 $US per share, in exchange for fujifilm, which obtained 51 percent of the shares, Xerox shareholders Carl Icahn and Darwin Deason waged a proxy war to stop it. They won, overthrew Jacobson in May 2018 and installed a new CEO, Visentin, and several new board members to break the deal. For more information about the transaction, see www.thenewfujixerox.com. About Xerox Xerox Corporation is a technology leader that innovates on how the world communicates, connects and works. We understand what is at the heart of information exchange – and all the forms it can take. We support the integration of paper and digital technology, the growing demand for mobility and the need for harmonious integration between work and the personal world. Our innovative printing technologies and smart work solutions help people communicate and work better every day. Find out more about www.xerox.com and follow us on Twitter at @Xerox. The plan failed a few days later on the charges of both parties, but Xerox`s board of directors and activist investors have now settled their differences. As part of the deal announced Sunday, Jacobson and five other directors have already resigned, with members replaced by activist shareholders, Xerox said. As part of the agreement between the companies, Xerox will sell its 25% stake in Fuji Xerox Co. Ltd., which will be the 100% subsidiary of Fujifilm and which will include the more concrete physical condition of the final agreement: in the United States, Xerox Accredited Master Elite MPS Partner Josh Justice, he said he saw the agreement as a way for both companies to deal with the bad blood with the failed merger in 2018.
The legal dispute between the headquarters of Xerox Holdings Corp. and Japan`s Fujifilm Holdings Corp. after the 2018 merger was interrupted has been resolved. Xerox stated that the amount of the purchase of its stake in Fuji Xerox and in the XIP business represents a valuation 20 times higher than what these two companies would have earned in 2019.