An investigation on behalf of investors of Xerox Corp (NYSE:XRX) in connection with the proposed takeover was announced and NYSE:XRX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/06/2018 -- An investigation was announced for investors, who currently hold shares of Xerox Corp (NYSE:XRX), over the takeover of Xerox Corp. by FUJIFILM Holdings Corporation
Investors who purchased shares of Xerox Corp (NYSE:XRX) and currently hold any of those NYSE:XRX shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Xerox Corp breached their fiduciary duties owed to NYSE:XRX investors in connection with the proposed acquisition.
On January 31, 2018, FUJIFILM Holdings Corporation ("Fujifilm") (TSE: 4901) and Xerox Corporation (NYSE: XRX) announced that they have entered into an agreement to combine Xerox and their longstanding Fuji Xerox joint venture. Under the terms of the agreement, Xerox shareholders will receive a $2.5 billion special cash dividend, or approximately $9.80 per share, funded from the combined Company's balance sheet, and own 49.9% of the combined company at closing. FUJIFILM will own 50.1% of the combined Company.
However, given that at least one analyst has set the high target price for NYSE:XRX shares at $45.00 per share, the investigation concerns whether the offer is unfair to NYSE:XRX stockholders. More specifically, the investigation concerns whether the Xerox Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Xerox Corp (NYSE:XRX) closed on February 5, 2018 at $31.38 per share.
Those who are current investors in Xerox Corp (NYSE:XRX) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego