Tag Archives: Selling

Icahn, Deason to jointly push Xerox to explore selling itself, other options: WSJ
January 22, 2018 6:00 am|Comments (0)

(Reuters) – Investor Carl Icahn and Darwin Deason, the biggest- and third-largest shareholders of Xerox Corp, jointly plan to push the printer and photocopier maker to explore options, including a sale of the firm, the Wall Street Journal reported on Sunday.

Icahn and Deason, who together own 15.7 percent of the photocopier pioneer, have earlier separately called on the company to break off or renegotiate a joint venture with Fujifilm Holdings Corp, saying it was unfavorable to Xerox. Icahn has also called for Xerox CEO Jeff Jacobson to be replaced.

The two shareholders have now formed an alliance and plan to ask Xerox to explore options, including selling itself, breaking off its long-running joint venture with Fujifilm, and immediately firing Jacobson, the Journal reported, citing people familiar with the matter. on.wsj.com/2EYCRHd

The Journal had previously reported that Fujifilm and Xerox were discussing deals, including a change of control of Xerox, though not a full sale.

FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo

In a statement, Xerox said: “The Xerox Board of Directors and management are confident with the strategic direction in which the Company is heading and we will continue to take action to achieve our common goal of creating value for all Xerox shareholders.”

Deason has been asking the company to make public the terms of its deal with Fujifilm, which he called “one-sided”. Xerox has described Deason’s criticism as “false and misleading”.

The five-decade-old joint venture, 75 percent owned by Fujifilm and 25 percent by Xerox, is a pillar of Fujifilm’s business, accounting for nearly half the group’s overall operating profit. It has limited prospects for future growth, however, because of declining demand for office printing.

The reported operating profit of the joint venture, called Fuji Xerox, was about $ 750 million on sales of $ 10 billion in the year ended last March.

Fujifilm declined to comment on the Journal report.

Reporting by Kanishka Singh in Bengaluru; Additional reporting by Makiko Yamazaki in TOKYO; Editing by Peter Cooney and Muralikumar Anantharaman

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Apple is selling a seriously yellow iPad Pro for around $18,000
April 17, 2016 1:25 am|Comments (0)


Though Apple’s products have gained a bit of color in the form of gold and rose gold options recently, the company isn’t known for providing particularly vibrant hues on its high-end devices. Fortunately, the company has just designed a bright yellow (no, not gold) 12.9-inch iPad Pro. Unfortunately, you might have to pony up around $ 18,000 to buy it. Apple designed the one-off iPad Pro for a charity auction at London’s Design Museum. The Phillips auction house estimates the iPad will sell for anywhere from £10,000 to £15,000, or approximately $ 14,200 to $ 21,300. For that price, at least you’re getting a nifty…

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CloudLinux launches KuberDock, Allows Hosting Providers to Start Selling …
March 16, 2016 2:55 pm|Comments (0)

loudLinux, the maker of the leading hosting OS powering more than 20 million websites, today announced the launch of the KuberDock platform that allows hosting providers to deploy dockerized applications and offer them to customers in just two hours

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