The Week That Was
On this episode of The Week that Was, Fujifilm and Xerox announced an agreement on Fuji Xerox; Xerox is reportedly considering an offer to acquire HP; LSC's National Publishing will close this year; and Friesens Corporation bought two HP Indigo 50000s.
Xerox reportedly made a $33B offer for HP Inc., a Palo Alto, Calif.-based company with a market value more than three times its own.
Fujifilm will acquire the 25% stake in Fuji Xerox that is owned by Xerox for $2.3 billion, giving Fujifilm full ownership.
LSC Communications will shut the facility and lay off 174 workers by Christmas, consolidating Bible production into its Indiana plant.
The Canadian company installed the first unit at the Friesens book printing facility and will install the second press in late 2020.