NEW YORK/SAN FRANCISCO ¨C Xerox Corp. CEO John Visentin blasted his Fujifilm Holdings Corp. counterpart¡¯s efforts to revive merger talks and warned that he doesn¡¯t plan to renew the companies¡¯ Asia joint venture Fuji Xerox in 2021.
Visentin, elevated to CEO after shareholders Carl Icahn and Darwin Deason won a court order blocking the companies¡¯ $6.1 billion merger deal, said in a letter to Fujifilm Chairman Shigetaka Komori on Monday that a lawsuit by Tokyo-based Fujifilm was ¡°nothing more than a desperate, misguided negotiating ploy to save a takeover¡± that has already been blocked by a judge because of the ¡°surreptitious actions of your team.¡±
Visentin said Fujifilm¡¯s own accounting problems had made its deal with Xerox impossible to complete.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.