Home Fairfield Xerox seeks to reorganize under a holding company

Xerox seeks to reorganize under a holding company

Xerox Corp. has announced plans to reorganize under a new holding company.

xerox holding companyIn a filing with the U.S. Securities and Exchange Commission, the Norwalk-headquartered Xerox stated a holding company would offer it a higher degree of financial, operational and strategic flexibility.
Xerox did not state what the holding company would be named, but it added there would be no changes to its current executive team and board of directors, and it would still be traded on the New York Stock Exchange under the “XRX” ticker symbol.

Xerox’s plans are similar to an action taken by Google in 2015 when it reorganized under the Alphabet Inc. holding company. Xerox’s proposal will require regulatory and shareholder approval and could be implemented as early as this summer.

Previous articleFASB updates accounting standard for streaming services content
Next articleHudson Valley job numbers up, but not as much as elsewhere
Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

LEAVE A REPLY

Please enter your comment!
Please enter your name here