According to WSJ, Xerox Corporation (XRX) seeking strategic alternatives

  • January 22, 2018

POTENTIAL DEAL DETAILS

StockXerox CorporationSymbolXRX
Date Announced01/21/2018Source The Wall Street Journal
TypeNews Report
Date of Confirmation: 01/31/2018Price at Confirmation: $32.68
Potential Profit: 0.12%Annualized Profit: 4.47%

Xerox Corp.’s (XRX) first- and third-biggest investors, billionaires Carl Icahn and Darwin Deason, have formed an alliance and plan to encourage the printer and copier giant to explore a potential sale, according to people familiar with the matter.

Update(s):

January 30, 2018: Xerox Corp. (XRX) is nearing a deal with Japan’s Fujifilm Holdings Corp. that would mark the end of the independence of the stalwart of 20th-century American industry.

January 31, 2018:  Japan’s Fujifilm Holdings said it is cutting 10,000 jobs globally at its joint venture with Xerox Corp (XRX), saying it needed to overhaul the photocopying business amid a tough market environment.

January 31, 2018: Japan’s Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing.

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