YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Fujifilm is asking for more than $1 billion in damages from Xerox over the companies' failed merger.
In district court in New York, Fujifilm officials yesterday filed suit to seek "punitive damages for Xerox's intentional and egregious conduct" in canceling the deal.
Xerox had been set to merge with Fuji Xerox, an existing joint venture between the two companies. The deal came under fire from Carl Icahn and Darwin Deason, who own 15 percent of Xerox between them.
Read more from CNNMoney.
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