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  "documentTitle": "Xerox Corporation (XRX)",
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  "authorName": "Carl C. Icahn",
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      "text": "A CEO of the target [Xerox], facing likely ouster, serves as the loyal agent of the acquirer, designing a deal that is too good to be true: a cheap price, little governance protections, no market check, and a process that ignores other bidders.",
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      "kind": "paragraph",
      "text": "The Xerox Board claims the proposed transaction with Fuji followed a “comprehensive review” and “careful consideration of all alternatives available to the company”",
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      "text": "But we now know that – contrary to the advice of its own financial advisor – the Xerox Board NEVER reached out to ANY potential strategic acquirers and only ever contacted three potential financial sponsors",
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      "text": "But Columbia Law School professor and world renowned corporate governance expert John C. Coffee Jr. reviewed the record and concluded the following: “This is a strange and irregular transaction... A CEO of the target [Xerox], facing likely ouster, serves as the loyal agent of the acquirer...”",
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      "text": "\"This is a strange and irregular transaction that is simply not comparable to any other transaction I have seen in over 45 years of observing the 'merger and acquisition' marketplace. A CEO of the target [Xerox], facing likely ouster, serves as the loyal agent of the acquirer, designing a deal that is too good to be true: a cheap price, little governance protections, no market check, and a process that ignores other bidders.\" — John C. Coffee Jr., Columbia Law School professor",
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      "text": "1) See Xerox press release dated January 31, 2018",
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      "kind": "title",
      "text": "...and the experts agree with us!",
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