Fujifilm files objection against Xerox settlement

|By:, SA News Editor

The drama continues... Japan's Fujifilm (OTCPK:FUJIY) has filed an objection with a U.S. court over a settlement between Xerox (NYSE:XRX) and activist shareholders who oppose a $6.1B deal between the two companies.

CEO Jeffrey Jacobson and six board members have agreed to resign as part of the settlement, while executives close to Carl Icahn will be appointed in their place.

Previously: Xerox CEO Jacobson to resign in deal with Icahn, activist shareholders (May. 01 2018)

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