As we ring in the new year, it seems a good time to reflect on the big industry changes we saw in 2019:
Xerox first proposed acquiring HP on November 5th, offering $22 per share, which the HP board of directors unanimously rejected November 17th as it “significantly undervalues HP.”
Xerox and Fujifilm have announced the dissolution of their 57-year joint venture, Fuji Xerox. Xerox has agreed to sell its 25% stake in Fuji Xerox and its 51% stake in Xerox International Partners to the Japanese company for $2.3B. Fujifilm will also drop its $1B lawsuit against Xerox for breach of contract when the $6.1B merger deal dramatically fell apart in 2018.
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In a morning press release, Marco has confirmed the rumors that Doug Albregts is the new president of Marco. The former Sharp president and CEO will be joining the executive team, led by CEO Jeff Gau, to help lead Marco’s national growth strategy.