The Xerox Board of Directors says the company will resume discussions with Fujifilm to get a better merger deal than the deal announced in January.
But the board also says the company will pursue an appeal of the recent court ruling delaying the merger. That injunction came after activist investors complained the company wasn't acting in the best interests of the shareholders.
The Board says it believes the court ruling was wrongly decided and deprives other shareholders from having their say. And the Board says it remains convinced that a combination with Fuji is the most value-enhancing opportunity for Xerox.