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Company:
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XEROX CORP (XRX)
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Form Type:
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SC 13D/A
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Filing Date:
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4/16/2018
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CIK:
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0000108772
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Address:
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201 MERRITT 7
PO BOX 4505
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City, State, Zip:
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NORWALK, Connecticut 06851
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Telephone:
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(203) 968-3000
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$27.12
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Change:
-0.12 (-0.44%)
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Trade Time:
10:15 AM EST
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Market Cap:
$6.91B
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Description of Business
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On January 31, 2018, Xerox entered into a Redemption Agreement with FUJIFILM
Holdings Corporation, a Japanese company ("Fujifilm"), and Fuji Xerox Co., Ltd,
a Japanese company in which Xerox indirectly holds a 25 percent equity interest
and Fujifilm holds the remaining 75 percent equity interest ("Fuji Xerox") (the
"Redemption Agreement"), pursuant to which, among other things, (i) Fuji Xerox
shall redeem for cash most or all of Fujifilm's 75 percent equity interest in
Fuji Xerox and (ii) Fuji Xerox shall become an indirect majority or wholly owned
subsidiary of Xerox (the "Redemption"). The combined company resulting from the
Fujifilm Transactions (as defined below) shall hereinafter be referred to as
"New Fuji Xerox".
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