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Xerox to restart talks with Fujifilm

Jiji Press NEW YORK (Jiji Press) — U.S. copier maker Xerox Corp. has said it will restart negotiations on the acquisition bid by Japan’s Fujifilm Holdings Corp.

According to a letter to shareholders disclosed on Wednesday, Xerox will review the $6.1 billion acquisition agreement reached with Fujifilm in late January, aiming at “superior terms” to the deal.

On April 27, a court in New York state accepted a complaint by major Xerox shareholders opposed to the deal, and ordered a suspension of the takeover process.

While appealing the ruling last week, Xerox plans to review the terms of acquisition, including the price, in order to obtain shareholder support and realize the acquisition at an early date.

Fujifilm’s bid to acquire Xerox had taken a series of twists and turns.Speech

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