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Xerox, Affiliated Computer merger clears HSR waiting period hurdle
By Lisa Kerner
Charlotte, N.C., Nov. 17 - The Hart-Scott-Rodino waiting period expired in the proposed merger of Xerox Corp. and Affiliated Computer Services, Inc., it was announced on Tuesday.
As reported in September, Xerox agreed to acquire Affiliated Computer Services in a cash-and-stock transaction valued at $63.11 per share, or $6.4 billion.
Affiliated Computer Services shareholders will receive $18.60 in cash plus 4.935 Xerox shares for each share they own, and Xerox will also assume Affiliated Computer Services' debt of $2 billion.
The transaction, slated to close in the first quarter of 2010, is subject to other regulatory approvals as well as approval by shareholders of both companies, a Xerox news release said.
Affiliated Computer Services is a Dallas-based diversified business process outsourcing firm.
Norwalk, Conn.-based Xerox develops, markets and services document equipment and software.
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