XEROX TERMINATES MERGER AGREEMENT WITH FUJIFILM

Xerox announced Sunday it no longer was trying to merge with FujiFilm Holdings and instead had reached an agreement with its top shareholders to replace its CEO and board of directors. Beyond the termination, the company announced it had reached a new settlement agreement with top Xerox shareholders Carl Icahn and Darwin Deason, who strongly opposed the Fujifilm merger, which would have given the Japanese technology company majority control of Xerox.