Private Equity

Xerox Appeals Decision Blocking Fujifilm Deal As Ceo Returns | Business Standard News

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Xerox's changing its mind on the settlement was "extraordinary and highly unusual," said Guhan Subramanian. : Xerox Corp on Friday appealed a New York court ruling to block its deal with Fujifilm Holdings, just hours after the company announced that its ousted CEO and directors would remain in place. Xerox said its entire board and management team would stay, as the agreement to oust them reached with dissenting shareholders Darwin Deason and Carl Icahn expired late Thursday.