Jeff Jacobson is resigning to settle a legal battle between Xerox and hedge-fund billionaire Carl Icahn over its proposed merger with Fujifilm.
The billionaire investor and another Xerox shareholder believe the copier pioneer can have “a better, brighter future as a standalone company.”
Fujifilm will fold its joint venture with Xerox into a combined company designed to "compete in today’s environment with truly global scale."
Wall Street analysts upgrade their outlooks on Xerox after it completes the spinoff of its business services unit.
