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“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.
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.
Robert Keegan is replacing Ursula Burns, who retired from the board of directors on May 25.