Fuji Xerox

Xerox Corp (NYSE: XRX) confirmed late Sunday it has terminated its planned merger with Fuji-Xerox, a move that prompted JPMorgan to downgrade the stock. The Analyst JPMorgan's Paul Coster downgraded Xerox from Overweight to Neutral with an unchanged $38 price target. The Thesis Xerox...

Xerox Corp (NYSE: XRX) announced Wednesday a $6.1 billion merger with its Fuji Xerox joint venture — a deal never discussed with two of the firm’s largest shareholders, a company spokesperson told Benzinga Thursday. Carl Icahn and Darwin Deason together hold more than 15 percent of...

Xerox Corp (NYSE: XRX) said on Wednesday it has reached a merger agreement with Fujifilm in which the Japanese company will buy Xerox for $6.1 billion and combine the American company into its existing joint venture, Fuji Xerox. But the case for owning Xerox's stock could have been made without...