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FujiFilms (TYO:4901)end their Xreox(NYSE:XRX) partnership and take control

FujiFilms (TYO:4901)end their Xreox(NYSE:XRX) partnership and take control”

Japan's Fujifilm Holdings said it is cutting 10,000 jobs globally at its joint venture with Xerox Corp, saying it needed to overhaul the photocopying business amid a tough market environment. In a major shake-up, Fujifilm also announced it would be combining Fuji Xerox with United States giant Xerox, bringing both companies under its umbrella to create what it said was the world's largest "document solutions company" by revenue.

The deal is apparently aimed at delivering a more competitive edge in a climate of greater demand for digital equipment and paperless services.

California Teacher Calls US Soldiers 'Dumb Sh*ts' in Classroom Rant
The school board said it is investigating, and Salcido's fellow City Council members have expressed dismay. The voice also tells the student not to join the military and to never wear the sweatshirt again.

They say the objective of the restructuring is to reorganize operations and streamline manufacturing bases.

"This transaction advances the historic relationship between our two companies and prepares us for a successful future in a fast changing industry", Jacobson said about the deal. The Company will hold 50.1% of the shares of New Fuji Xerox, and New Fuji Xerox will maintain its listing on the NYSE.

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The Journal reported Fujifilm and Xerox are close to a deal that would combine Xerox with the current joint venture company it has with Fujifilm, and that the US company's shareholders would own just under half of the resulting entity. The Tokyo-based company will book restructuring costs of $450.95 million, according to the report. Through a joint venture based partnership spanning 56 years, the Company and Xerox have deepened their multi-faceted mutual cooperation on technology, etc. and built a strong relationship of trust. The cash dividend represents a 30% to Xerox's unaffected share price of $30.35 on January 10 before the reports of a possible deal surfaced.

Major Xerox investors Carl Icahn and Darwin Deason have already publicly voiced their displeasure with the proposed agreement after the two sides were reportedly engaged in talks earlier this month. "It wouldn't surprise me", Wolf said of Xerox.

UN Syria mediator to attend peace conference in Russian Federation
De Mistura says he has received an invitation to attend the Sochi meeting and has been briefed on preparations for that event. The cease-fire ended a two-month escalation between government forces and rebels in the Eastern Ghouta region.



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