Here are four things to know about the $6.1 billion deal, according to Reuters.
1. The boards of directors of Fujifilm and Xerox approved the acquisition, which will create “Fuji Xerox.” The company will have dual headquarters in Norwalk, Conn., and Tokyo.
2. Xerox shareholders are slated to receive a $2.5 billion special cash dividend under the deal. Fujifilm will own 50.1 percent of the combined company, while Xerox will own 49.9 percent.
3. Xerox and Fujifilm expect at least $1.7 billion in total cost savings under the deal, achieving $1.2 billion of those savings by 2020.
4. The transaction is slated to close in the second half of 2018.
More articles on business:
Why Apple buying Tesla is no longer a crazy idea: 4 things to know
US stocks see biggest decline of 2018: 3 notes
Keurig to combine with Dr Pepper Snapple in $21B deal: 4 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
