Xerox (XRX) Sharesholders Approve Acquisition of Affiliated Computer Services (ACS)
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Shareholders of Xerox Corporation (NYSE: XRX) and of Affiliated Computer Services, Inc. (NYSE: ACS) today approved Xerox's acquisition of ACS. The transaction will be completed shortly, transforming Xerox into the leading global enterprise for business process and document management, and accelerating its growth in an expanding market.
More than 96% of the Xerox common shares that voted at the Xerox meeting voted "FOR" the acquisition.
More than 86% of the voting power of the outstanding shares of ACS Class A and Class B stock voted "FOR" the acquisition. In addition, the "majority of the minority" vote requirement was met.
One of the world's largest diversified business process outsourcing firm, ACS is a $6.5 billion company with revenue growth of 6% and new business signings of $1 billion in annual recurring revenue during its fiscal 2009.
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More than 96% of the Xerox common shares that voted at the Xerox meeting voted "FOR" the acquisition.
More than 86% of the voting power of the outstanding shares of ACS Class A and Class B stock voted "FOR" the acquisition. In addition, the "majority of the minority" vote requirement was met.
One of the world's largest diversified business process outsourcing firm, ACS is a $6.5 billion company with revenue growth of 6% and new business signings of $1 billion in annual recurring revenue during its fiscal 2009.
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