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FF Announcement 20181019 001

The New York State Appellate Court dissolved the preliminary injunction issued by the lower court regarding the business combination of Fuji Xerox and Xerox Corporation. The appellate court decision ends the lawsuit against Fujifilm and validates that Fujifilm negotiated properly and at arms' length with Xerox for the unanimously approved transaction. Fujifilm believes the combination is the best option to provide value to shareholders of both companies and the ruling allows discussions with Xerox to fulfill the original agreement.

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44 views1 page

FF Announcement 20181019 001

The New York State Appellate Court dissolved the preliminary injunction issued by the lower court regarding the business combination of Fuji Xerox and Xerox Corporation. The appellate court decision ends the lawsuit against Fujifilm and validates that Fujifilm negotiated properly and at arms' length with Xerox for the unanimously approved transaction. Fujifilm believes the combination is the best option to provide value to shareholders of both companies and the ruling allows discussions with Xerox to fulfill the original agreement.

Uploaded by

Louis Chen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FUJIFILM Holdings Corporation

Kenji Sukeno October 19, 2018


President and Chief Operating Officer

Notice of Appellate Court’s Decision


Regarding the Business Combination of Fuji Xerox and Xerox Corporation

On October 16, 2018 (EST), the New York State Appellate Court decided to dissolve
the preliminary injunction issued by the New York State Supreme Court in April 2018
regarding the business combination of Fuji Xerox Co., Ltd (“Fuji Xerox”), which is a
subsidiary of FUJIFILM Holdings Corporation (the “Company”), and Xerox
Corporation (“Xerox”).

The Company filed an appeal against the injunction in May 2018. The New York
State Appellate Court decision ends the lawsuit against Fujifilm in its entirety and the
Company believes that the decision validates the Company’s position that the
Company acted properly and negotiated with Xerox at arms’ length for the transaction
that was unanimously approved by the Boards of both companies.

The Company continues to believe that the business combination of Fuji Xerox and
Xerox, including its terms and conditions, is the best option to provide exceptional
value to shareholders of both companies, and the Court’s decision will allow us to
discuss with Xerox the fulfillment of the original agreement.

The Company also believes that all Xerox shareholders ought to be able to decide for
themselves the operational, financial, and strategic merits of the transaction to combine
Fuji Xerox and Xerox.

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