Xerox has responded to a lawsuit filed by Fujifilm over the breakup of their merger deal with a letter that says Fujifilm caused its own problems.
Fujifilm sued last week, demanding more than a billion dollars in damages over cancellation of the merger, which was driven by a shareholder rebellion led by key investors Carl Icahn and Darwin Deason. They argued that mismanagement by Fujifilm led to devaluation of the joint enterprise, Fuji-Xerox, run by the two companies that was to be the base of the merger.
Xerox says it is beginning to find other sources than Fuji-Xerox for parts and materials and will expand into the Asian market without further connection to Fujifilm.