Components & Peripherals News
5 Things You Need To Know About Carl Icahn's Battle To Derail Xerox-Fuji Deal
Xerox Wants The Fuji Deal To Move Ahead
Xerox wants a New York State appeals court to lift the injunction it allowed late last month, and permit the sale to Fujifilm to move ahead. In a motion at the appeals court on Friday, Xerox said the lower court has "eviscerated" the state's "business judgement rule" adding that in doing so the court disregarded the considered opinion of the board as well as the CEO to determine the course of the company. The "Court has manifestly abused its discretion by applying the wrong legal standard and substituting its own opinions for the Board's valid, good faith business judgment," Xerox stated in court documents.