Fuji Xerox Joint Venture to merge with Xerox
2018-03-07
FUJIFILM Holdings Corporation and Xerox Corporation have entered into a definitive agreement to combine Xerox and their longstanding Fuji Xerox joint venture. The combined company will be a leader in innovative print technologies and intelligent work solutions with annual revenues of $18 billion and leadership positions in the key geographic regions.
This proposed combination provides Xerox shareholders with significant cash at closing, as well as a substantial interest in the significantly enhanced combined company. Xerox shareholders will receive a $2.5 billion special cash dividend, or approximately $9.80 per share, funded from the combined company’s balance sheet, and own 49.9% of the combined company at closing.
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