Shareholders to vote on acquisition

Shareholders are making their minds up ahead of a vote on the proposed takeover of the world's largest diversified business process outsourcing firm Affiliated Computer Services by Xerox Corporation.

The boards of directors of Xerox and ACS have recommended shareholders vote in favour of the acquisition. The deal will accelerate Xerox's growth in an expanding market as it will transform the company into the leading global enterprise for document and business process management. 

Xerox and ACS shareholders will shortly receive the joint proxy statement ahead of the vote on February 5.

In preparation for the shareholder meetings, Xerox and ACS satisfied Hart-Scott Rodino and Securities and Exchange Commission requirements. 

Earlier this month, Xerox successfully completed a $2 billion capital markets transaction, the net proceeds of which support the ACS acquisition. In addition, Xerox confirmed that pre-closing litigation-related issues have been resolved, and that both parties intend to move quickly to close the deal.

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