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Fuji Xerox Agreement

Fuji Xerox Agreement

About Fujifilm FujiFILM Holdings Corporation in Tokyo, Japan, brings continuous innovation with leading, proprietary technologies using its photography expertise in a wide range of industries worldwide, including healthcare, graphics systems, high-functionality materials, optical devices, digital imaging and document products. These products are based on its extensive portfolio of chemical, mechanical, optical, electronic and imaging technologies. Fujifilm has been present in North America since 1965 and currently employs some 6,000 people in the United States and Canada. For the year ending March 31, 2017, the company achieved global revenue of $US 20.7 billion, with an exchange rate of 112 yen against the dollar. Fujifilm is committed to responsible environmental responsibility and commitment to society. For more information, see: www.fujifilmholdings.com. Shigetaka Komori, President and CEO of Tokyo-based Fujifilm, was equally optimistic about the deal in his prepared statement: “Full ownership of Fuji Xerox will enable faster decision-making in a rapidly changing business environment. At the same time, Fuji Xerox will be able to further strengthen its business by taking new OEM opportunities in the global market and using our core production and product development capabilities worldwide. We are thrilled to turn the page for Fujifilm and Fuji Xerox. About Xerox Xerox is a technology leader in innovative ways to develop the way the world communicates, connects and works.

We understand what is at the heart of information exchange – and all the forms it can take. We welcome the integration of paper and digital, the increasing demands on mobility and the need for seamless integration between the world of work and the private world. Our innovative printing technologies and smart work solutions help people communicate and work better every day. Learn more about www.xerox.com and follow us on Twitter in @Xerox. This proposed merger provides Xerox shareholders with considerable liquidity upon closing and a significantly improved stake in the combined entity. Pursuant to the terms of the agreement, Xerox shareholders will receive a special dividend of $2.5 billion, or approximately US$9.80 per share1, funded by the combined company`s balance sheet, and hold 49.9% of the combined company at closing. The cash dividend represents more than 30% of Xerox`s uninsed share price of $30.35 based on the closing share price on January 10, 2018. Fujifilm will own 50.1% of the combined business and provide significant operational support and transformative leadership. The Xerox Xerox conference call.m will host a conference call today at 8:00 a.m. ET to discuss this transaction. The webcast is available in edge.media-server.com/m6/p/7ffthvi5 or www.news.xerox.com/investors.

A recording of the call will be available under www.news.xerox.com/investors….

2021-09-21T17:09:31+00:00