Fujifilm takes ownership of Xerox in $6.1 billion deal
The new company, Fuji Xerox, will be owned 50.1 percent by Fujifilm and will have Xerox CEO Jeff Jacobson lead the new company.
Xerox shareholders will also receive a $2.5 million cash dividend, or about $9.80 per share.
"The proposed combination has compelling industrial logic and will unlock significant growth and productivity opportunities for the combined company," Jacobson said in a statement.
"The new Fuji Xerox will be better positioned to compete in today's environment with truly global scale, increased presence in fast-growing markets, and innovation capabilities to effectively meet our customers' rapidly-evolving demands."
The deal is worth about $6.1 billion. ■