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Sequana SA's Antalis Makes Binding Offer To Acquire Xerox Corp's Western European Paper Business

Wednesday, 19 Jun 2013 02:00am EDT 

Sequana SA's Antalis, the European merchant for print and office paper, has made a binding offer to acquire Xerox's paper and print media products business in Western Europe. Antalis is a wholly owned subsidiary of Sequana. While Xerox does not manufacture paper, the Company has long distributed through brand name a broad range of coated and uncoated papers and specialty print media including business forms as well as carbonless and wide-format paper. On closing, Xerox`s paper business in Western Europe will become part of Antalis, which will hold exclusive rights for the marketing and distribution of Xerox-branded paper and print media products across the region. The transaction is expected to close early in the fourth quarter of 2013. Until the close, Xerox customers may order paper and media through Xerox and resellers. After the sale closes, customers will order paper through Antalis and trade reseller network. The following countries are included in this transaction Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom. Financial terms of the transaction were not disclosed. 

Company Quote

0.07 +0.50%
19 Dec 2014