Xerox shareholders Icahn, Deason urge company to sell itself to rivals

Xerox shareholders Icahn, Deason urge company to sell itself to rivals

FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo
REUTERS: Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.Xerox could combine with a competitor that is actually willing to pay a significant premium, or Japan's Fujifilm Holdings themselves would step up and offer a full buy-out on fair terms, the shareholders wrote in an open letter. (http://bit.ly/2Hvx51N)On Jan. 31, Fujifilm said it was set to take over Xerox in a US$6.1 billion deal and combine it into their existing joint venture, Fuji Xerox.Xerox was not immediately available for comment.(Reporting by Supantha Mukherjee in Bengaluru; Editing by Bernard Orr)
Source: Reuters
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