Sentences with phrase «venture fuji»

Seeking a firmer footing amid waning demand for office printing, Xerox and Fujifilm agreed to a deal under which their existing five - decades - old joint venture Fuji Xerox would buy back Fujifilm's 75 percent stake in it.

Japan's Fujifilm is set to take over Xerox, and combine the U.S. company into their joint venture Fuji Xerox in an effort to cut costs, the companies said.

Not exact matches

In a complex deal, Fuji Xerox would buy back Fujifilm's 75 percent stake in their joint venture before Fujifilm would then purchase 50.1 percent of new Xerox shares.

Shareholders Carl Icahn and Darwin Deason had led a battle over a deal to combine the U.S. company into an existing joint venture, Fuji Xerox.

Fujifilm owns 75 % of the joint venture, called Fuji Xerox, which accounts for nearly half of the Japanese company's sales and operating profit.

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.

The complaint, brought by Deason's lawyers at King and Spalding, alleges that the Fuji - Xerox joint venture contains a «crown jewel lock - up right that allows Fuji to control Xerox's intellectual property and manufacturing rights in the $ 36 billion Asia - Pacific market in the event Xerox were to sell to another suitor.»

The $ 6.1 billion deal, which would combine Xerox into an existing joint venture with Fuji, drew opposition from prominent shareholders such as Darwin Deason, Xerox's largest individual shareholder, who sued in New York state court saying the deal undervalues the American copier and printing company.

Deason also claims an accounting scandal at the Fuji - Xerox joint venture and an independent report that criticized Fuji for its prominent role in contributing to the matter gave Xerox the right to terminate the joint venture agreements.

The $ 6.1 billion deal, announced in January, would combine Xerox into an existing joint venture with Fuji, but it drew opposition from prominent shareholders.

It warned that the environment for its Fuji Xerox venture was «increasingly severe» and said that «a fundamental structural reform will be implemented.»

FUJIFILM Holdings and Xerox Announce Agreement to Combine Fuji Xerox Joint Venture with Xerox.

The multi-stage deal will combine Xerox with an existing Asia - focused joint venture, Fuji Xerox, which is 75 percent - owned by Fujifilm.

It worked: Fuji Bank supported the venture.

We also took three - day trips and ventured to Osaka, Kyoto and Mt. Fuji.

Although initial production began in Japan, the car will be built at Fuji Heavy Industries» joint venture plant with Isuzu Motors in Indiana beginning in the fall.

- Legacy will have to support Fuji Heavy Industries» 51 percent share in its $ 550 million joint - venture plant with Isuzu Motors, set to begin production this September in Lafayette, Ind..