Fujifilm may seek damages

Jiji Press TOKYO (Jiji Press) — Japan’s Fujifilm Holdings Corp. said Monday it will file damages claims or take other appropriate measures against Xerox Corp. following the U.S. copy machine maker’s decision to pull out of a deal for its acquisition by the Japanese company.

Xerox announced in the United States on Sunday that it will terminate the agreement on the acquisition of the U.S. company by Fujifilm.

Xerox has no right to end the contract unilaterally, Fujifilm said in a statement released on Monday.

The acquisition deal worked out at the end of January between the two companies came after appropriate discussions, including on economic terms, Fujifilm said in the statement.

The acquisition would be the best option for the future of Xerox, Fujifilm said, adding that it will call for a rethink of the decision by Xerox.


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