Key Developments: Xerox Corp (XRX.N)

XRX.N on New York Stock Exchange

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22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Sequana SA's Antalis Finalizes Acquisition of Xerox Corp's Western European Paper Business
Friday, 27 Sep 2013 01:30am EDT 

Sequana SA announced that its subsidiary Antalis has finalized the acquisition of Xerox Corp's Western European paper business. The transaction is expected to close at the end of October 2013. Financial terms were not disclosed.  Full Article

Xerox Corp Secures Five Year Tolling And Customer Service Contract With Texas Department Of Transportation
Monday, 23 Sep 2013 08:00am EDT 

The Texas Department of Transportation (TxDOT) announced that it has selected Xerox Corp to provide customer service and toll operations to the state of Texas over the next five years in a contract worth approximately $100 million. Xerox will establish a new customer service operation in Austin, Texas to process a growing base of more than 8 million monthly toll transactions while managing over 750,000 accounts. Customer service center operations include transaction processing, license plate image review, invoicing, collections, transponder sales and management. Xerox will also assume responsibility for the physical maintenance of the toll plaza buildings and continuing the Courtesy Patrol on the TxDOT toll roads in Austin to provide roadway assistance.  Full Article

Department of Labor Selects Xerox Corp To Administer Disability Compensation Programs
Thursday, 12 Sep 2013 08:00am EDT 

Xerox Corp announced that the Office of Workers' Compensation Programs (OWCP) has signed a three-year, $89 million contract renewal with Xerox to manage medical bills. Under the agreement, Xerox will continue to provide medical and pharmacy bill processing, bills resolution, provider enrollment, and call-center support for the OWCP, as well as imaging and web portal management.  Full Article

Xerox Corp Issues Q3 2013 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 EPS Guidance
Thursday, 25 Jul 2013 07:00am EDT 

Xerox Corp announced that for third quarter of 2013, it expects GAAP earnings from continuing operations of $0.20 to $0.22 per share and adjusted EPS of $0.24 to $0.26 per share. The company continues to expect fiscal 2013 GAAP earnings per share from continuing operations in the range of $0.94 to $1.00, and adjusted EPS of $1.09 to $1.15. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.26 for third quarter of 2013 and EPS of $1.10 for fiscal 2013.  Full Article

Xerox Corp Declares Dividend on Common and Preferred Stock
Thursday, 18 Jul 2013 02:55pm EDT 

Xerox Corp announced that its Board of Directors declared a quarterly cash dividend of $0.0575 per share on Xerox common stock. The dividend is payable on October 31, 2013 to shareholders of record on September 30, 2013. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on October 1, 2013 to shareholders of record on September 15, 2013.  Full Article

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.  Full Article

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.  Full Article

Xerox Corp Announces Acquisition Of LearnSomething Inc-DJ
Wednesday, 5 Jun 2013 07:03am EDT 

Dow Jones reported that Xerox Corp has acquired e-learning software provider LearnSomething Inc. in an effort to broaden its services to the food, drug and health-care industries. Financial terms weren't disclosed.  Full Article

Domtar Corp Completes The Acquisition Of Xerox Corp's U.S. And Canadian Paper Business
Monday, 3 Jun 2013 10:04am EDT 

Domtar Corp announced the completion of its acquisition of Xerox Corp paper and print media products business in the United States and Canada, pursuant to an agreement entered into on March 21, 2013. The transaction includes a broad range of coated and uncoated papers and specialty print media including business forms, carbonless as well as wide-format paper formerly distributed by Xerox. The addition of a globally-recognized brand to Domtar's existing portfolio of high quality, sustainability-driven paper products will allow the Company to better serve its customers.  Full Article

Xerox Corp Declares Dividend on Common and Preferred Stock
Tuesday, 21 May 2013 02:11pm EDT 

Xerox Corp announced that it has declared a quarterly cash dividend of 5.75 cents per share on Xerox common stock. The dividend is payable on July 31, 2013 to shareholders of record on June 28, 2013. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2013 to shareholders of record on June 15, 2013.  Full Article

Photo

Lower printer sales hurt Xerox's revenue

- Xerox Corp reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business.

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