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Kekst & Co. is working with Japan’s FujiFilm, which today threatened to compete with Xerox if it decides not to renew its 56-year technology partnership that expires in 2021.
Chairman Shigetaka Komori wrote in a letter to Xerox CEO John Visentin that FujiFilm is ready to compete with Xerox in Asia Pacific and enter the US and European markets.
He believes Xerox’s reason for cutting ties with FujiFilm is “merely a thinly veiled pretext to bargain for a higher price.”
For its part, Xerox calls FujiFilm’s suit filed against it last week “nothing more than a desperate and misguided negotiating ploy to save their takeover attempt,” which has been enjoined by the New York Supreme Court.
FujiFilm had a $6.1B deal to acquire Xerox, but the transaction was torpedoed in May by activist investor Carl Icahn.
The scrapped acquisition led to the resignation of Xerox CEO Jeff Jacobson and five board members.
Kekst’s Ruth Pachman and Kimberly Kriger represent FujiFilm.
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
