Waiting period expires for Xerox-ACS merger

AP News
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Posted: Nov 17, 2009 6:38 PM

Xerox Corp. is a step closer to acquiring Dallas-based Affiliated Computer Services Inc., now that the U.S. antitrust review period for the deal has expired.

Xerox announced Sept. 28 that it agreed to acquire ACS in a $6.4 billion cash and stock transaction. The expiration of the waiting period was one of the conditions to closing the deal.

Xerox still needs foreign regulatory approval and the approval of ACS and Xerox shareholders.

Xerox shares fell 2 cents to close at $7.99 on the New York Stock Exchange. ACS shares were unchanged at $55.94.