Xerox Pays $6.4B for ACS in Cash and Stock; Share Price Down 12 Percent

Xerox (XRX) shares are coming under heavy pressure this morning after the company announced it would acquire computer services firm Affiliated Computer Services (ACS) for $63.11 per share in a combination of cash and stock. Xerox said in a press release the deal will make the combined company a $22 billion “global enterprise for document technology” and will advance Xerox in the “$150 billion market for business process outsourcing,” often known as “BPO.”

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