Commentary and Analysis

Comment: Xerox forgoes courtroom reprieve, risks plunge in share price
Author:Laurel Henning

In Brief

US photocopier maker Xerox has forgone a reprieve from its legal battle with activist investors Carl Icahn and Darwin Deason, choosing instead to fight tooth and nail to protect its current board and the company's merger plans with Fujifilm Holdings. Its decision has put in motion what will likely be a prolonged legal battle, causing uncertainty among investors and pushing down share prices.