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.
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