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SMALL BUSINESS
Xerox sets shareholder vote on ACS deal for Feb. 5
AP
NORWALK, Conn. -Xerox Corp. on Monday scheduled a shareholder vote on its planned acquisition of outsourcer Affiliated Computer Services Inc. for Feb. 5.
The printer and copier company plans to buy ACS in a cash and stock deal aimed at expanding the back-office services it offers other companies. The value of the deal was estimated at $6.4 billion when it was announced in September.
Xerox issued about $2 billion in bonds this month to help pay for the acquisition.
Shareholders of both companies on record as of Dec. 11 will get a chance to vote on the deal in special meetings Feb 5.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-12-28 08:54:36
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