March 2, 2018 / 11:28 AM / 7 months ago

Xerox rebuffs Deason's board nomination plans

March 2 (Reuters) - Xerox Corp said activist investor Darwin Deason does not have any right to nominate directors to the company's board outside of the nomination window, following his attempt to nominate a full slate of directors.

Deason had attempted to change the board following a lawsuit filed earlier this year as he and fellow shareholder Carl Icahn try to stop Japan's Fujifilm Holdings Corp from taking over Xerox in a $6.1 billion deal. (Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D'Silva)

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