Xerox and Fuji Film

Japanese Fuji film will acquire Xerox by a controlling stake of 50.1% of the company. The deal was announced on January 31. XRX share holders will get dividend around $9.80 a share. XRX is up 4.8% to $34.24 as of writing. Fuji Film, in the other hand, down $1.21 to $40.55. Fuji symbol is FUJIY.

The deals still need to be approved by XRX share holders before close, that will be in 2nd half of 2018. One thing worth taking note, though, is that Carl Icahn is one of the big shareholders and he could block the deal if he is not happy the terms. Need more research.

Xerox and Fuji Film Deal

Japanese Fuji film will acquire Xerox by a controlling stake of 50.1% of the company. The deal was announced on January 31. XRX share holders will get dividend around $9.80 a share. XRX is up 4.8% to $34.24 as of writing. Fuji Film, in the other hand, down $1.21 to $40.55. Fuji symbol is FUJIY.

The deals still need to be approved by XRX share holders before close, that will be in 2nd half of 2018. One thing worth taking note, though, is that Carl Icahn is one of the big shareholders and he could block the deal if he is not happy the terms. Need more research.
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