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Xerox Asks For Deal Delay

Xerox has appealed a New York court ruling to block its deal with Fujifilm Holdings – just hours after the company announced its ousted CEO and directors would remain in place.

Xerox said its entire board and management team would stay after an agreement to oust them expired.

The parties are hoping for more time to renegotiate a deal with Fujifilm and two dissenting shareholders, Darwin Deason and Carl Icahn.

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