Home / Industry / Public Companies / Shareholders to vote Feb. 5
on Xerox deal to buy ACS

Shareholders to vote Feb. 5
on Xerox deal to buy ACS

Xerox Corp. and Texas-based Affiliated Computer Services Inc. announced Monday  shareholders will vote Feb. 5 on Xerox’s agreement to purchase ACS.

The companies said in a joint release they had satisfied Hart-Scott Rodino and Securities and Exchange Commission requirements.

Earlier this month, Xerox completed a $2 billion capital markets transaction, with the net proceeds supporting the ACS acquisition. In addition, Xerox confirmed pre-closing
litigation-related issues have been resolved.

On Sept. 28, Xerox announced plans to acquire ACS, a business process outsourcing firm, in a $6.4 billion cash and stock deal.

Xerox and ACS shareholders who owned either company’s common stock at the close of business on Dec. 11 can attend special meetings on Feb. 5 in Connecticut and Dallas.

 (c) 2009 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail rbj@rbj.net.
 

x

Check Also

The Towpath Motel will be revamped inside and out (provided photo).

Monroe Avenue hotels will remodel, rebrand (access required)

Two Brighton lodging landmarks will be undergoing major makeovers in the next three months. The Comfort Inn at 2729 Monroe ...

michael_zemcov-cr

RIT professor participates in project aimed at universe’s origins (access required)

The bad news in space this week is the little rover that could has officially pooped out on Mars. The ...