• Xerox reinforces benefits of proposed combination with Fuji Xerox

        • The Board of Directors of Xerox have issued the following letter to Xerox shareholders, reinforcing its belief in the benefits of the Company’s proposed combination with Fuji Xerox:

          Dear Xerox Shareholders,

          On January 31, 2018, Xerox announced its plans to combine with Fuji Xerox – the joint venture Xerox and Fujifilm established in Asia 56 years ago – to create a global leader in innovative print technologies and intelligent work solutions.

          As a result of a comprehensive review of the Company’s strategic and financial alternatives, Xerox’s Board and management strongly believe that the combination with Fuji Xerox is the best path forward to create value for Xerox and its shareholders:

          ·        The combination creates significant immediate and long-term value for Xerox shareholders;

          ·        Xerox shareholders will be owners of a larger, stronger and more valuable company with enhanced prospects for growth and value creation;

          ·        Xerox and Fujifilm are already closely aligned, and both have demonstrated track records of success in transformation;

          ·        The agreement establishes strong governance and ownership safeguards for current Xerox shareholders; and

          ·        The existing Fuji Xerox joint venture has been integral to Xerox’s competitiveness for many years, and the combination will optimise the benefits of this partnership for our Company.

           

          Other key facts stated, include:

          • The transaction creates significant immediate and long-term value for Xerox shareholders
          • Shareholders will be owners of a larger, stronger and more valuable company
          • Xerox and Fujifilm are already closely aligned, and both have demonstrated track records of success in transformation
          • The transaction agreement establishes strong governance and ownership safeguards for current Xerox shareholders
          • Existing Fuji Xerox joint venture has been integral to Xerox’s competitiveness, and the combination will optimise the benefits to Xerox
          • The combination is the best path forward for Xerox
        • Stay up to date - Click here and register for FREE Channel Info online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the Channel Info app

        • Related Articles

        • Kodak Alaris wins BLI Pick Award for Outstanding Departmental Scanner

          Kodak Alaris wins BLI Pick Award for Outstanding Departmental Scanner

          Wednesday 24th Feb 2021
          Keypoint Intelligence, an independent evaluator of document imaging software, hardware and services, has recognised the Kodak S3000 Series Scanner with its Buyers Lab (BLI) Winter 2021 Pick Award for Outstanding Departmental Scanner. The aw...Read More...
          Kaspersky appoints new General Manager, UK&I

          Kaspersky appoints new General Manager, UK&I

          Tuesday 23rd Feb 2021
          Christopher Hurst has joined Kaspersky as General Manager of UK and Ireland. Chris will use his 34 years’ experience in the trade to drive continued enterprise and channel growth in the region.   Chris has a proven track record in th...Read More...
          Brother UK recognised by new government-backed apprenticeship scheme

          Brother UK recognised by new government-backed apprenticeship scheme

          Tuesday 23rd Feb 2021
          Brother UK has been recognised by a new government-backed scheme led by Investors in People, the workplace quality accreditors. The firm is one of only nine UK companies to receive the new ‘We Invest in Apprenticeships’ accreditation, wh...Read More...
                • About Us

                  Channel Info is the leading source of business news and information for the office dealer and reseller market. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, supplements, website, digital editions, apps, newsletters and bespoke communications with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the team behind Channel Info has over 60 years experience collectively in the office products, furniture, equipment and technology markets Channel Info continues to develop and adapt in order to meet the changing information needs of its readers.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue