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Xerox CEO John Visentin said the settlement will "also unlock significant unrealized value for our shareholders."
"We have no intention of sweetening the financial terms of the January acquisition plan," said Fujifilm's Shigetaka Komori.
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.
The Xerox-Fujifilm Holdings saga took yet another turn as Shigetaka Komori, Fujifilm’s CEO, gave the Norwalk-headquartered company six months to mend the canceled $6.1 billion acquisition deal.