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.
 

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