Edition:
United States

Xerox Says Exploring The Possibility Of A Strategic Transaction Involving Its Customer Financing Business


Monday, 18 Mar 2019 07:36am EDT 

March 18 (Reuters) - Xerox Corp ::XEROX CORP - 'PROJECT OWN IT' EXPECTED TO DRIVE GROSS SAVINGS OF AT LEAST $640 MILLION IN 2019 AND $1.5 BILLION BY 2021 - SEC FILING.XEROX CORP - IN MARCH 2019, AS PART OF 'PROJECT OWN IT', ENTERED SHARED SERVICES AGREEMENT WITH HCL TECHNOLOGIES.XEROX - SHARED SERVICES AGREEMENT WITH HCL IS EXPECTED TO RESULT IN SAVINGS OF ABOUT $90 MILLION IN 2019 & ABOUT $120 MILLION ANNUALLY THEREAFTER.XEROX CORP - CURRENTLY EXPLORING POSSIBILITY AND FEASIBILITY OF A STRATEGIC TRANSACTION INVOLVING ITS CUSTOMER FINANCING BUSINESS & /RELATED ASSETS.