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Jeffrey Jacobson has re-emerged as CEO of Electronics for Imaging Inc., a digital printing technology company.
“All Xerox shareholders ought to be able to decide for themselves the operational, financial, and strategic merits of the transaction to combine Fuji Xerox and Xerox," Fujifilm said after the ruling.
Xerox shareholder counsel Richard Marooney argued that lifting an injunction blocking the companies' merger would enable Fujifilm Holdings to pursue the terminated transaction.
Keith Cozza’s purchase is the largest transaction of its kind since Stephen Robert, a member of the Xerox board in 2004, bought 50,000 shares.
The percolating drama between Xerox Corp. and Fujifilm Holdings has boiled over as the Japanese company filed a $1 billion lawsuit against Xerox for terminating their $6.1 billion acquisition deal.
Visentin’s presence could be viewed as a sore reminder of Fujifilm’s $6.1 billion aborted acquisition of the Norwalk-headquartered Xerox.
Fujifilm President and Chief Operating Officer Kenji Sukeno declared the Norwalk-headquartered Xerox "has no right to scrap the contract unilaterally."
The $6.1 billion acquisition of Xerox Corp. by Fujifilm Holdings was terminated and CEO Jeffrey Jacobson and Chairman Robert Keegan resigned. Keith Cozza, CEO of Icahn Enterprises L.P., will be the new chairman of the board and John Visentin, previously announced as vice chairman and CEO, will finally take over those jobs.
Xerox Corp. has announced the return of Jeffrey Jacobson as CEO, a position he was ousted from two days earlier.
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