A lawsuit was filed for investors in shares of Xerox Corp (NYSE:XRX) in connection with the proposed takeover and NYSE:XRX stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 02/22/2018 --The Shareholders Foundation announces that an investor, who currently holds shares of Xerox Corp (NYSE:XRX), filed a lawsuit against the proposed 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 mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:XRX stockholders by agreeing to sell Xerox Corp cheaply via an unfair process to FUJIFILM Holdings Corporation .

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, plaintiff claims that the proposed consideration NYSE:XRX shareholders will receive is grossly inadequate and undervalues Xerox Corp. Indeed, at least one analyst has set the high target price for NYSE:XRX shares at $45.00 per share. In addition, the plaintiff alleges that the process is also unfair Xerox Corp stockholders.

Those who are current investors in Xerox Corp (NYSE:XRX) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com