It's always easy to judge afterwards, however, the deal proposed by Jacobson to merge Fujifilm and Xerox in 2018, was certainly the most clever idea for this company and his future.
We all know what happened, with Icahn's putsch, well supported by Trump, Jacobson fired, and finally a disastrous non-deal with HP.
And the consequences were immense : huge number of dedicated employees laid-off, strong decrease of activity, customers impacted and concerned, major dependence on product portfolio with Fujifilm which is now becoming a true competitor, massive loss of credibility of this former iconic company...
Nobody knows what will be tomorrow, in the same way we cannot predict what should have happen if the merge with Fujifilm had been approved.
However, for reminder the total value per share was estimated to approximately $45 for the combined new company Fujifilm + Xerox
Very far from the current $18 to $20 despite the massive share buyback policy decided, and the direction given by the very disappointing Vinsentin...
We are not at all on the same boat !
1 reply
Had that deal gone through, it likely would have been good for the stock price and long term viability of the company. I'm convinced though we would have seen more jobs eliminated than we have so far, as redundancy was eliminated.