Fujifilm Sues Xerox for Extra Than $1 Billion After Canceled Merger

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Fujifilm Holdings Corp. is suing Xerox Corp. for breach of contract and estimated damages of greater than $1 billion after the printer and copier firm walked away from a deliberate merger earlier this 12 months.

Xerox reached a truce with activist traders Carl Icahn and Darwin Deason final month to terminate the deal it had in place with Fujifilm, however it’s nonetheless combating with Fujifilm over the soured merger the pair sought to stop.



Supply hyperlink – https://www.wsj.com/articles/fujifilm-sues-xerox-for-more-than-1-billion-after-canceled-merger-1529336395?mod=pls_whats_news_us_business_f

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