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Xerox Corp (XRX.N)

XRX.N on New York Stock Exchange

32.88USD
20 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Xerox says priced $1.0 bln of 3.625% senior unsecured notes due in 2023​
Thursday, 7 Sep 2017 05:00pm EDT 

Sept 7 (Reuters) - Xerox Corp ::Xerox prices $1 billion senior notes offering.Xerox Corp - ‍has priced $1.0 billion of 3.625% senior unsecured notes due in 2023​.Says ‍announced that it has priced $1.0 billion of 3.625% senior unsecured notes due in 2023​.Xerox Corp - ‍company's year ending cash target remains unchanged at $1 billion​.Xerox says part of ‍net proceeds from offering will be used to make a $500 million voluntary cash contribution to its U.S. Defined benefit pension plans​.Xerox -‍guidance for operating cash flow from continuing operations updated to reflect $500 million incremental pension contribution, is $200 to $400 million for 2017​.Says ‍net proceeds to be also used to refinance a portion of its 6.35% senior notes due may 2018​.  Full Article

Xerox Corp files for prospectus supplement related to potential senior notes offering, size not disclosed
Thursday, 7 Sep 2017 10:26am EDT 

Sept 7 (Reuters) - Xerox Corp ::Xerox Corp files for prospectus supplement related to potential senior notes offering; size not disclosed - SEC Filing‍​.  Full Article

Xerox files for exchange up to $300 mln of outstanding senior notes
Tuesday, 22 Aug 2017 09:42am EDT 

Aug 22 (Reuters) - Xerox Corp :Xerox Corp files for exchange up to $300 million aggregate principal amount of outstanding 4.070% senior notes due 2022 - sec filing.Xerox Corp says co will not receive any proceeds from senior notes exchange offer.  Full Article

Parc says is spinning off Metawave Corp
Tuesday, 8 Aug 2017 06:56am EDT 

Aug 8 (Reuters) - Xerox Corp :Parc says is spinning off Metawave Corporation, a wireless technology start-up​.  Full Article

Xerox files for potential mixed shelf, size undisclosed
Tuesday, 8 Aug 2017 06:27am EDT 

Aug 8 (Reuters) - Xerox Corp :Files for potential mixed shelf; size not disclosed - SEC filing‍​.  Full Article

Xerox reports Q2 adjusted earnings per share $0.87
Tuesday, 1 Aug 2017 06:45am EDT 

Aug 1 (Reuters) - Xerox Corp :Xerox reports second-quarter 2017 earnings.Q2 adjusted earnings per share $0.87.Q2 revenue $2.57 billion versus I/B/E/S view $2.61 billion.Q2 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $3.20 to $3.44.Sees FY 2017 gaap earnings per share $1.84 to $2.08 from continuing operations.Q2 gaap earnings per share $0.63 from continuing operations.Xerox Corp says affirms full-year revenue, cash flow and operating margin guidance; narrows eps guidance.Affirms full-year revenue, cash flow and operating margin guidance.Xerox Corp - ‍financial statements for prior periods revised to reflect equity income impact from fujifilm investigation of fuji xerox accounting practices​.FY2017 earnings per share view $3.33, revenue view $10.17 billion -- Thomson Reuters I/B/E/S.Xerox- ‍review identified total adjustments of abt JPY 40 billion were required to Fuji Xerox's results for period 2009 through 2017​.Xerox Corp - ‍cumulative correction would have a material effect on company's current year consolidated financial statements​.Xerox - will revise previously issued annual, interim consolidated financial statements for 2014, 2015 and 2016 and Q1 of 2017 next time they are filed​.Xerox Corp - ‍xerox continues to expect to generate operating cash flow from continuing operations of $700 to $900 million in 2017​.  Full Article

Xerox sets quarterly cash dividend of $0.25 per share
Thursday, 20 Jul 2017 10:00am EDT 

July 20 (Reuters) - Xerox Corp ::Xerox declares dividend on common and preferred stock.Sets quarterly cash dividend of $0.25 per share.Board also declared a quarterly cash dividend of $20 per share on Xerox Series B Convertible Perpetual Preferred Stock​.$0.25 per share dividend reflects one-for-four reverse stock split that became effective on June 14, 2017.  Full Article

Naver to buy Xerox Research Centre Europe
Monday, 26 Jun 2017 06:00pm EDT 

June 26 (Reuters) - Naver Corp <035420.KS>::Naver Corp - co, Xerox Corporation announced an agreement for Naver to acquire Xerox Research Centre Europe in Grenoble, France.  Full Article

Xerox says Fujifilm releases redacted Japanese language version of independent investigation committee's report
Wednesday, 14 Jun 2017 05:01pm EDT 

June 14 (Reuters) - Xerox Corp : :Xerox Corp - on June 12,Fujifilm released redacted japanese language version of independent investigation committee’s report .Xerox Corp - Fujifilm also stated that an english language version of the report would be made available shortly.Says currently analyzing information contained in report, as well as seeking additional information from Fujifilm and Fuji Xerox‍​.Xerox Corp says following Fujifilm Holdings' June 12 report, anticipate having to reflect the increase in the adjustments in its financial statements‍​.  Full Article

Xerox’s Global Imaging Systems acquires Mt Business Technologies
Monday, 15 May 2017 07:00am EDT 

May 15 (Reuters) - Xerox Corp :Xerox’s global imaging systems acquires MT Business Technologies; expands presence in Ohio.Says terms of agreement were not disclosed.Says MT Business Technologies President Chuck Rounds will remain company president after acquisition.  Full Article

BRIEF-Xerox Corp files for prospectus supplement related to potential senior notes offering, size not disclosed

* Xerox Corp files for prospectus supplement related to potential senior notes offering; size not disclosed - SEC Filing‍​ Source text (http://bit.ly/2j54jNa) Further company coverage: