Shares of Xerox Corp. surged in after-hours trading Tuesday after a Wall Street Journal report that Japan’s Fujifilm Holdings Corp. was nearing a deal to buy a little more than half of the company. The Journal said a deal could be announced as soon as Wednesday. Xerox shares jumped as much as 8% in late trading, before settling back to a gain of about 4.4%. Xerox has a market cap of about $8.32 billion. Earlier this month, the Journal reported that activist Xerox investors Carl Icahn and Darwin Deason were urging the company to pursue a sale. Xerox shares closed Tuesday down slightly at $32.68, but are up 12% year to date, compared to the S&P 500’s 5.5% rise.
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