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Deason, Icahn amend Xerox lawsuit

  • A newly amended lawsuit from Darwin Deason and Carl Icahn, who together hold about 15% of Xerox (NYSE:XRX) shares, claims that CEO Jeff Jacobson pursued a $6.1B deal with Fujifilm (OTCPK:FUJIY), even after the board advised him to halt negotiations, WSJ reports.
  • The activists are fighting the combination, which they say "disproportionately" favors Fuji, and are separately looking to shake up the Xerox board.

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Xerox Holdings Corporation