Business Management - M&A

An agreement reached May 13 between Xerox and its activist investors terminates the proposed $6.1 billion Xerox transaction with Fujifilm to combine Xerox with Fuji Xerox, replaces Xerox CEO Jeff Jacobson with new CEO John Visentin, and appoints five new members to serve on Xerox's board of directors.

The settlement agreement Xerox had reached with Carl Icahn and Darwin Deason on Tuesday has expired…

New York Supreme Court Judge Barry Ostrager ruled in favor of two activist investors who are trying to block the proposed transaction.

Darwin Deason and Carl Icahn have launched full-court press to convince Xerox shareholders to oppose the acquisition of Xerox by Fuji.

Darwin Deason claims Xerox CEO Jeff Jacobson continued to pursue a deal with Fuji, even after the Xerox board instructed him not to.

On Tuesday, April 3, Transcontinental hosted a press conference in Montreal, during which Isabelle Marcoux, chair of the Transcontinental board of directors, hailed the recent $1.32 billion acquisition of Coveris Americas as “transformational.”

As of April 1, 2018, Gallus will be fully integrated with the Heidelberg USA team in order to increase market coverage and efficiency in sales and service. With this transition, Gallus customers will have access to the entire product and service portfolios of both companies from a single source.

TC Transcontinental announced that it acquired Coveris Americas for $1.32 billion. Coveris Americas is one of the top ten converters of flexible packaging in North America. Based in Chicago, Coveris Americas manufactures a variety of flexible plastic and paper products.

Mark Andy announced that it has acquired Presstek. Presstek’s team of more than 60 technical professionals will be integrated within Mark Andy’s service infrastructure, making it the largest, regionally-staffed service organization in North America.

ePac Flexible Packaging announced the acquisition of Precision Pouches. Precision Pouches will become a part of ePac Chicago and will continue providing pouching services to new and existing customers.