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Xerox will buy business process outsourcer ACS for US$6.4B

Peter Sayer | Sept. 29, 2009
With the deal, Xerox hopes to expand its market beyond document management

Today, ACS makes around 92 per cent of its revenue from U.S. customers, while for Xerox the figure is only 53 percent, with 33 percent coming from European customers.

The offer price of $6.4 billion is a little above the $6 billion proposed by ACS founder Darwin Deason when he offered to take the company private in March 2007.

Xerox will pay about 30 per cent of the purchase price in cash, and the rest in stock, based on its closing share price Friday. It expects the deal to close in the first quarter of next year, subject to approval from regulatory authorities and the companies' stockholders.

 

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