Xerox said it will back out of its merger deal with Fujifilm as it reached a new settlement with two of its biggest shareholders, the latest twist in a monthslong tug of war over the future of the iconic American company, The Wall Street Journal reports.

The printer and copier company said it reached a settlement to replace its chief executive and overhaul its board after it ended a plan to combine with its joint venture with Fujifilm. This is Xerox’s second settlement with activist shareholders Carl Icahn and Darwin Deason; the company had earlier struck a deal with the two billionaires to oust chief executive Jeff Jacobson and flip the board, but that agreement abruptly expired earlier this month before receiving court approval.