1. Judge Blocks Fuji-Xerox Deal Temporarily, Allows Director Battle To Proceed

    Judge Blocks Fuji-Xerox Deal Temporarily, Allows Director Battle To Proceed

    Not a picture perfect way to end the week for Xerox. A New York Judge late Friday issued an order temporarily blocking Xerox Corp.'s ( XRX ) plan to merge with Fujifilm. At the same time, the judge gave the document technology company's third-largest shareholder permission to move ahead with a change-of-control proxy contest to take over Xerox's board...

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    1. The judge, Barry Ostrager, in an order obtained by TheStreet, said the facts
    2. The motions by plaintiffs in .. Deason v. Fujifilm for injunctive relief are granted to the extent of enjoining defendants from taking any further action to consummate the change of control transaction between Xerox and Fuji.. pending a final determination of the claims asserted in the underlying action...
    3. Beyond that, we still have a lot of value to create at Xerox and I intend to focus my efforts there.
    4. Consistent with its commitment to shareholder engagement, Xerox has been meeting with shareholders since the announcement of the transaction.
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