Fujifilm wins current legal battle

 Fujifilm  has won an appeal in its legal battles with Xerox overturning preliminary injunctions  that had blocked their  merger. Xerox in May scrapped a $6.1 billion deal with Fujifilm .The ruling by the  US  Court could give the Japanese firm leverage to bring Xerox management back to the negotiating table. Fujifilm is also suing Xerox in a separate U.S. suit that seeks well over $1 billion, accusing it of breach of contract in abandoning the deal.

The legal battle continues

Fujifilm said in a statement it stands by its view that the original planned merger remains the best option for the shareholders of both companies. “ 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,” it said.

The bitter legal wrangling has created much uncertainty for the two firms which are seen by many analysts as inextricably intertwined through their Fuji Xerox joint venture.