Icahn, Deason criticize Xerox’s proposed deal with Fujifilm

Xerox shareholders Carl Icahn in addition to Darwin Deason strongly criticized the company’s plan to sell itself to Japan’s Fujifilm, saying the transaction “dramatically undervalues Xerox in addition to disproportionately favors Fuji.”

“We urge you our fellow shareholders do not let Fuji steal which company by us,” Icahn in addition to Deason said in an open letter.

Icahn in addition to Deason respectively the No. 1 in addition to No. 3 Xerox shareholders using a combined stake of over 15 percent in January pushed the company to explore strategic options.

On Jan. 31, Fujifilm said which was set to take over Xerox in a $6.1 billion deal in addition to combine which into their existing joint venture, Fuji Xerox.

Xerox could not immediately be reached for comment.

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