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Fujifilm says may walk away from Xerox merger deal if no progress for six months

Published 07/06/2018, 10:28
Updated 07/06/2018, 10:30
© Reuters. A man is silhouetted in front of Fujifilm Holdings' logo ahead of its news conference in Tokyo
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TOKYO (Reuters) - Fujifilm Holdings Corp (T:4901) said on Thursday it may have no choice but to give up on a $6.1 billion merger with Xerox Corp (N:XRX) if there is no progress in talks with the new board for about half a year.

"I don't have a specific deadline in mind, but it should normally be around six months. If we have nothing by then, it can't be helped," Chief Executive Shigetaka Komori said in his first media session since the U.S. photocopier company scrapped their $6.1 billion merger deal.

© Reuters. A man is silhouetted in front of Fujifilm Holdings' logo ahead of its news conference in Tokyo

A spokeswoman later clarified this meant Fujifilm could end the merger deal.

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