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Business

Xerox and Fujifilm: contrasting fates of long-term partners

Tie-up mooted amid shareholder pressure on US photocopier maker

NEW YORK -- Xerox is reportedly in talks over a deal with Japanese camera-to-medicines manufacturer Fujifilm Holdings, which could include a change of control at the U.S. photocopier maker.

The Wall Street Journal report sent Xerox shares up 5% to close at $31.86 on Thursday in the U.S., recovering to the level of Oct. 26, when the price fell sharply following disappointing July-September earnings results. Even though a full takeover of Xerox by Fujifilm is not on the table, according to people familiar with the matter, the market welcomed the report of a possible change in the status quo in Xerox.

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