Xerox to Combine with Fuji Xerox

Introducing a Global Leader in Innovative Print Technologies and Intelligent Work Solutions


  • Xerox shareholders to receive a $2.5 billion special cash dividend, or approximately $9.801 per share, and 49.9% of the combined company; Fujifilm to own 50.1%
  • Combined company to deliver at least $1.7 billion in total cost savings, with $1.2 billion to be achieved by 2020
  • Accelerates path to revenue growth through global reach, industry-leading scale and enhanced innovation capabilities
  • Well-positioned to lead in growing business areas such as high-speed inkjet, industrial print and workplace solutions, while leveraging Fujifilm’s extensive technologies
  • Combined company will have enhanced financial flexibility for future growth investments and capital returns

On January 31, 2018, Xerox and Fujifilm announced that they have entered into a definitive agreement to combine Xerox and their longstanding Fuji Xerox joint venture. The combined company will be a global leader in innovative print technologies and intelligent work solutions, with annual revenues of $18 billion and leadership positions in key geographic regions.

The proposed transaction provides Xerox shareholders with significant cash at closing, as well as a substantial interest in the significantly stronger combined company. The combined company will have enhanced global scale and reach, world-class innovation capabilities and an improved financial profile to provide flexibility to support strategic investments in growth and attractive capital returns.

The combined company will have dual headquarters in Norwalk, CT and Minato, Tokyo, Japan. It will maintain the iconic “Xerox” and “Fuji Xerox” brands within its respective operating regions.

Preliminary Annual Meeting Proxy Statement PDF Download

Company Announcements

Xerox Reinforces Significant Benefits of Its Proposed Combination with Fuji Xerox

The Board of Directors of Xerox today issued the following letter to Xerox shareholders, reinforcing its belief in the significant benefits of the Company’s proposed combination with Fuji Xerox. MORE

Xerox Responds to Carl Icahn and Darwin Deason

Xerox today issued the following statement in response to the letter released by Carl Icahn and Darwin Deason on February 20, 2018. MORE

Xerox Responds to Darwin Deason Lawsuit

Xerox today issued the following statement regarding a lawsuit filed by Darwin Deason on February 13, 2018, in the Supreme Court of the State of New York, New York County. MORE

Xerox Responds to Carl Icahn and Darwin Deason Open Letter

Xerox today issued the following letter from its Board of Directors to its shareholders in response to the February 12, 2018 letter from Carl Icahn and Darwin Deason. MORE

Fujifilm Holdings and Xerox Announce Agreement to Combine Fuji Xerox Joint Venture With Xerox

Fujifilm Holdings Corporation ("Fujifilm") (TYO: 4901) and Xerox Corporation ("Xerox") (NYSE: XRX) today announced that they have entered into a definitive agreement to combine Xerox and their longstanding Fuji Xerox joint venture. The combined company will be a global leader in innovative print technologies and intelligent work solutions with annual revenues of over $18 billion and leadership positions in key geographic regions. MORE

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