Fujifilm Holdings is planning to sue Xerox soon to seek damages from the US photocopier company for unilaterally scrapping their $6.1 billion takeover deal, a senior Fujifilm executive said today.
"We plan to file a damages lawsuit as soon as possible," Kenji Sukeno, chief operating officer, said at an earnings briefing.
In January, Xerox and Fujifilm had agreed to a complex deal to merge Xerox into their 56-year-old Asia joint venture Fuji Xerox and give Fujifilm control.
Xerox scrapped the deal this week in a settlement with activist investors Carl Icahn and Darwin Deason, who opposed the takeover by Fujifilm saying it undervalued the US company.
