Shareholders approve Xerox purchase of outsourcer Affiliated Computer Services
By APFriday, February 5, 2010
Shareholders approve Xerox purchase of ACS
SAN FRANCISCO — The shareholders of Xerox Corp. and Affiliated Computer Services Inc. approved Xerox’s purchase of the information technology and outsourcing company, the companies said Friday.
ACS agreed to be acquired by printer and copier company Xerox Corp. last fall for about $6 billion in cash and stock.
The companies said more than 96 percent of the Xerox common shares that voted favored the deal, while more than 86 percent of the voting power of outstanding shares of class A and class B ACS stock was in favor.
Xerox shares fell 15 cents in after-hours trading, after finishing regular trading down 18 cents at $8.47.
ACS shares rose 16 cents in after-hours trading, after finishing regular trading down $1.39 at $59.64.
Tags: Geography, North America, Ownership Changes, San Francisco, Software Outsourcing, United States