The following appears on democratandchronicle.com
By Meghan Finnerty, @Finnerty_Meghan – Opponents of Xerox Corp.’s merger with Fujifilm Holdings received a victory on Friday, following a court ruling that temporarily blocks the merger.
In the complaint, filed in state Supreme Court in Manhattan in February, Xerox shareholder Darwin Deason alleged that the Xerox-Fuji transaction is “extremely off-market,” that it undervalues Xerox stock and gives majority control to Fuji without providing a premium to Xerox shareholders.
Both sides claim to be operating in the best interest of shareholders.