25 0

February 13, 2018, 10:35 AM EST. -. Darwin Deason asks New York judge to terminate joint venture. -. Carl Icahn, Deason claim deal ‘dramatically undervalues’ Xerox. Xerox Corp. ’s third-biggest shareholder sued to block its plan to turn over control to Fujifilm Holding Corp. , calling the deal a one-sided transaction that leaves Xerox investors virtually powerless. Darwin Deason asked a judge to block the deal and terminate joint venture agreements between the companies. He claims the agreement is the result of fraud and that directors breached their fiduciary duties. “The transaction must be stopped dead in its tracks,” Deason said in the complaint, filed Tuesday in Manhattan state court. Xer... Full story

13 February