Xerox shares fell 4pc in early trading on Monday after the photocopier pioneer said it had scrapped a planned $6.1bn deal to merge with Fujifilm Holdings Corp.Xerox shares fell 4pc in early trading on Monday after the photocopier pioneer said it had scrapped a planned $6.1bn deal to merge with Fujifilm Holdings Corp. Xerox shares were 4.2pc lower at $28.90 in premarket trading in New York. Fujifilm shares rose 1.5 percent. The two companies agreed in January to a complex deal that would have merged Xerox into their Asia joint venture Fuji Xerox and given Fujifilm control. Fujifilm said on Sunday it disputed Xerox's right to terminate the deal and would look at all options including legal action seeking damages.

Source: Irish Independent May 14, 2018 13:52 UTC