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Xerox reportedly seeks new talks on Fujifilm deal

Darwin Deason dallas billionaire Xerox

Xerox Corp. is reportedly reopening negotiations with Fujifilm Holdings Corp. on the $6.1 billion agreement that resulted in the Japanese company’s acquisition of the Norwalk-headquartered company.

According to Reuters, Xerox Chairman Robert Keegan acknowledged this development yesterday in New York state court during a hearing connected to a lawsuit seeking to halt the sale filed by Xerox shareholder Darwin Deason.

Deason and billionaire Carl Ichan – who together own about 15 percent of the company’s shares – have offered several public objections to Fujifilm deal. Icahn Tweeted his support of Deason’s lawsuit, but has not formally signed on to the litigation.

xerox fujifilmReuters reported that Keegan’s comments were passed along by “sources inside the courtroom [who] declined to be named because they were not authorized to talk to the media.” Xerox did not issue a formal statement affirming Keegan’s comments, but a spokesperson for Fujifilm confirmed the company received a request for a renegotiation from Xerox.

The hearing on Deason’s lawsuit is scheduled to continue today.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.


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