Fujifilm close to deal with Xerox
Xerox Corp. is nearing a deal with Japan's Fujifilm Holdings Corp. that would mark the end of the independence of the stalwart of 20th-century American industry.
The deal would combine Xerox with a joint venture the company has with Fujifilm, and the U.S. company's shareholders would own just under half of the resulting entity, according to people familiar with the matter. As part of the deal, to be announced as soon as Wednesday, Xerox shareholders would get an implied premium for their stock and cash, one of the people said.
Xerox shares would continue to trade following the transaction, should it be completed. As of Tuesday, Xerox had a market value of $8.3 billion.
The talks could still fall apart or the terms could change.