Xerox Defends Decision to Combine with Fuji Xerox

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On February 12, Carl Icahn and Darwin Deason released an open letter to Xerox shareholders criticizing Xerox’s plan to sell a majority stake in the company to Fujifilm and combine itself with Fuji Xerox and urging them to vote against the deal (see “Icahn and Deason Urge Xerox Shareholders to Vote against Merger with Fuji

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