Xerox shareholders Icahn, Deason urge company to sell itself to rivals

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(Reuters) – Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.

Xerox could combine with a competitor that is actually willing to pay a significant premium, or Japan’s Fujifilm Holdings themselves would step up and offer a full buy-out on fair terms, the shareholders wrote in an open letter. (

On Jan. 31, Fujifilm said it was set to take over Xerox in a $6.1 billion deal and combine it into their existing joint venture, Fuji Xerox.

Xerox was not immediately available for comment.

Reporting by Supantha Mukherjee in Bengaluru; Editing by Bernard Orr