Xerox Holdings Corp (XRX)

[tedkov]

Xerox Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
February 12, 2018
Tags: NewsPoints Xerox Fuji United States Corporate Affairs Mergers &
Acquisitions

A group of Xerox Corportion. shareholders are attempting
to block the merger of the company by FujiFilm Holdings Corporation.

The shareholders allege that the merger price of a $2.5 billion special cash dividend or approximately $9.80 per share, funded from the combined company’s balance sheet, where Xerox shareholders will own 49.9% of the combined company and Fuji will own 50.1% is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.

Xerox did not immediately respond to requests for a comment.
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