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Deason, Icahn Victorious As Xerox Calls Off Fujifilm Deal, Shakes Up Board
Monday, May 14, 2018 - 8:13am | 379Read More...Xerox Corp (NYSE: XRX) announced late Sunday it terminated its agreement with Fujifilm to merge Xerox and Fuji Xerox . The firm instead pivoted to an agreement with Carl Icahn and Darwin Deason — major shareholders and opponents of the deal — to resolve a pending proxy battle...
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Report: Apollo Approached Xerox
Wednesday, May 2, 2018 - 12:21pm | 314Read More...Wednesday is proving to be a busy day for Xerox Corp (NYSE: XRX) and its shareholders. What Happened Xerox's stock was trading lower by more than 5 percent Wednesday morning after activist investors Carl Icahn and Darwin Deason succeeded in ousting CEO Jeff Jacobson and six of the 10 members...
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Another Notch On Icahn's Activist Belt: Xerox CEO Out As Part Of Settlement
Wednesday, May 2, 2018 - 8:13am | 364Read More...Activist investor Carl Icahn notched a big win after Xerox Corp (NYSE: XRX) said its CEO and most of its board of directors will be stepping down. What Happened Icahn and Darwin Deason, two heavyweight investors and large Xerox shareholders, made it clear they strongly oppose Xerox's proposed...
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Xerox, Icahn And Deason Continue To Squabble Over Fujifilm Deal
Tuesday, February 20, 2018 - 2:10pm | 373Read More...For a brief moment, it seemed Xerox Corp (NYSE: XRX) might just get away with its Fujifilm merger unopposed. But shareholders Carl Icahn and Darwin Deason, who had earlier pressured Xerox management to explore strategic alternatives, emerged Tuesday to challenge the plan. “For 17 years, Xerox...
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Icahn, Deason Say Xerox-Fujifilm Merger Makes Shareholders 'Virtually Powerless'
Monday, February 12, 2018 - 10:47am | 617Read More...Xerox Corp (NYSE: XRX)'s plans to merge with Japan's Fujifilm Holdings is being questioned by two of Xerox's biggest shareholders, Carl Icahn and Darwin Deason. What You Need To Know Icahn, Xerox's biggest shareholder, and Deason, the company's third biggest shareholder,...
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Xerox Hasn't Discussed Fuji Deal With Carl Icahn, Darwin Deason
Thursday, February 1, 2018 - 12:53pm | 465Read More...Xerox Corp (NYSE: XRX) announced Wednesday a $6.1 billion merger with its Fuji Xerox joint venture — a deal never discussed with two of the firm’s largest shareholders, a company spokesperson told Benzinga Thursday. Carl Icahn and Darwin Deason together hold more than 15 percent of...
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Xerox Pops As Icahn And Deason Wage War, Demand Management Change, Strategic Alternatives
Monday, January 22, 2018 - 10:49am | 402Read More...Xerox Corp (NYSE: XRX) opened up 4 percent Monday after activist investors Carl Icahn and Darwin Deason announced their collaborative proxy battle with Xerox management. “CEO Jeff Jacobson, a member of the Xerox ‘old guard,’ is incapable of creating long-term value for Xerox...
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Xerox's Conduent Spinoff Debuts
Tuesday, January 3, 2017 - 3:35pm | 576Read More...Conduent Inc (NYSE: CNDT), the spinoff unit of Xerox Corp (NYSE: XRX), announced its separation from the parent-company and trading debut earlier Tuesday. The plan to split into two companies, one focusing on document technology and another on business process outsourcing, was announced in...
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Xerox Shares Under Pressure As Co.'s Largest Individual Investor Has Sued To Block Split
Thursday, October 13, 2016 - 1:20pm | 282Read More...Xerox Corp (NYSE: XRX) shares came under pressure after the biggest individual shareholder, Darwin Deason, preferred a lawsuit blocking the company from splitting into two public traded firms. He is said to be holding about 6.1 percent stake in the company. Interestingly, other biggest...
