Xerox entered into a definitive agreement with Fujifilm to be absorbed into the companies' long-standing Fuji Xerox joint venture.
Here are four things to know about the $6.1 billion deal, according to Reuters.
1. The boards of directors of Fujifilm and Xerox approved the acquisition, which will create "Fuji Xerox." The company will have dual headquarters in Norwalk, Conn., and Tokyo.
2. Xerox shareholders are slated to receive a $2.5 billion special cash dividend under the deal. Fujifilm will own 50.1 percent of the combined company, while Xerox will own 49.9 percent.
3. Xerox and Fujifilm expect at least $1.7 billion in total cost savings under the deal, achieving $1.2 billion of those savings by 2020.
4. The transaction is slated to close in the second half of 2018.
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