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Fujifilm Holdings Corp. accused Xerox Corp. of caving to the whims of Carl Icahn and Darwin Deason in backing out of a $6.1 billion takeover deal as it initiated legal action over the unsuccessful transaction.

Fujifilm sued Xerox on Monday in Manhattan federal court over the failed takeover, seeking more than $1 billion in damages. Xerox walked away from the deal on May 13.

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