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Xerox Corp. in Norwalk is continuing its pursuit to acquire Dallas-based Affiliated Computer Services, an international outsourcing firm, for $6.4 billion.
Xerox and Affiliated Computer Services shareholders are scheduled to vote Feb. 5 on the sale.
In a prepared statement, Xerox said the joint proxy statement has been finalized and will be sent to Xerox and ACS shareholders. Xerox and ACS boards of directors have recommend shareholders vote in favor of the acquisition, which they said “will transform Xerox into the leading global enterprise for document and business process management, accelerating its growth in an expanding market.”
In preparation for the shareholders”™ 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 the company says support the ACS acquisition. In addition, Xerox confirmed that pre-closing litigation-related issues have been resolved and both parties intend to move quickly to close the deal.
The original agreement was announced on Sept. 28.
ACS is a $6.5 billion company with revenue growth of 6 percent and new business signings of $1 billion in annual recurring revenue during its fiscal 2009.