An American Printer CommentaryBy Andy & Julie Plata Co-CEOs, the OutputLinks Communications Group Resigned On May 17, Xerox’s Board Chairman replaced five Board members (plus himself) with new faces. The new Board then appointed John Visentin to replace Jeff Jacobson as CEO. In most cases when a CEO is fired they are eligible for a severance packag...
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An American Printer CommentaryBy Andy & Julie Plata Co-CEOs, the OutputLinks Communications Group Many in the print and mail industry may have already met or been involved with Mr. Visentin during his tenure five years ago in a Pitney Bowes spinoff. Pitney Bowes, Novitex, Exela In 2012, Pitney Bowes installed a new management team, and one of thei...
Read moreAn American Printer CommentaryBy Andy & Julie PlataCo-CEOs, the OutputLinks Communications Group Remember the January Fujifilm announcement that they would be acquiring Xerox in a $0, stock swap, to merge it with their Fuji Xerox company, in which Xerox held a 25% ownership position? Well, the following are a result of the shareholder and court a...
Read moreXEROX AND FUJI ARE ‘SWINGING A SHORT STICK HARD’ Two of Xerox’s largest stockholders, Carl Icahn and Darwin Deason, are hotly contesting Fujifilm’ acquisition proposal. The battle around the Fujifilm/Xerox/Fuji Xerox transaction may negatively affect the public and financial community’s impression of the entire print industry. Print professionals...
Read moreAn American Printer Commentary By Andy & Julie Plata, Co-CEOs American Printer In this, our third Commentary related to the January 31 announcement of Fujifilm’s proposed Xerox takeover, we share actions taken by Xerox’s largest and third largest owners. Carl Icahn and Darwin Deason together own approximately 15.2% of Xerox. Their Xerox stock wo...
Read moreIn response to our Commentaries on the Fujifilm’s Xerox buyout, we received two messages from Xerox’s 2 largest Sabre holders related to their opposition to the Fujifilm $0 buyout offer of Xerox. Read Carl Icahn’s letter to shareholders here. Xerox’s Response Read Darwin Deason’s letter and his lawsuit to halt the transaction here. Xer...
Read moreAn American Printer Commentary By Andy & Julie Plata, Co-CEOs American Printer In our January 31 Commentary on Fujifilm’s proposed Xerox acquisition we stated the following: Although Xerox was valued at US$8 billion at the close of trade on Tuesday, Fujifilm announced Wednesday that they only paid $6.1 billion for the company. That seems like a bi...
Read moreFujifilm to buy Xerox for US$6.1 Billion and merge it with Fuji Xerox. Jeff Jacobson, Xerox’s CEO, retains his position despite a loss of 10,000 jobs worldwide. An American Printer Commentary and Video. Fujifilm Holdings Corp is buying Xerox to combine it with Fuji Xerox. The combined company will cut 10,000 jobs worldwide. However, Jeff Jacobso...
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