Xerox Files Appeal Against Courts Decision to Enjoin Fuji Xerox Combination
Xerox (NYSE: XRX) today announced that it has taken an appeal from the decision enjoining the Fuji Xerox combination. Xerox strongly believes that the decision is contrary to well-established New York law vesting the Board of Directors of Xerox with the business judgment to enter into the transaction agreement with Fujifilm (the Transaction) and that the decision to approve should rest with Xeroxs shareholders, not the Court.