Fujifilm, Xerox Agree to Maintain Partnership for Time Being

Economy

Tokyo, Dec. 21 (Jiji Press)--Japan's Fujifilm Holdings Corp. <4901> and U.S. office equipment giant Xerox Corp. have agreed to maintain their current business partnership, including technological and sales cooperation, for the time being, despite their continuing merger dispute, it was learned on Friday.

The agreement was reached at a top-level meeting of the two companies and Fuji Xerox Co., a subsidiary of the Japanese office and medical equipment maker, in early November, informed sources said.

The meeting was held when Xerox Chief Executive Officer John Visentin visited Japan. It was also attended by Fujifilm Holdings Chairman Shigetaka Komori and Fuji Xerox President Koichi Tamai.

A Fujifilm Holdings source said the company thinks that they expressed understanding for the continuation of the partnership.

Meanwhile, Fujifilm Holdings appears unlikely to abandon its bid to acquire Xerox or drop a related damages lawsuit that it has filed against the U.S. company.

[Copyright The Jiji Press, Ltd.]

Jiji Press