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TOKYO -- About 10 years ago, Shigetaka Komori, then president of Fujifilm Holdings , told a Nikkei reporter: "If I were 10 years younger, I would have considered buying Xerox...
This acquisition can be seen as Fujifilm being talked into buying [Xerox] by Carl Icahn [the activist investor who holds the largest stake in Xerox]. For now, it can be viewed as negative or positive.
A sharp rally in one day should be interpreted as the effect of bad news running its course, and should not be taken as the result of buying into expectations of a synergy effect from the merger.