Shareholders of Xerox and ACS to Vote on Merger in February
Shareholders of Xerox and ACS to Vote on Merger in February

As has been confirmed by both the parties involved, Xerox Corp. and Affiliated Computer Services Inc. shareholders are all set to vote on the former's agreement for an acquisition of the latter, in a major $6.4 Million deal.

The voting is scheduled to happen on February 05.

Earlier during the year, the Norwalk, Connecticut based Xerox had announced that the Dallas based business process management firm, ACS would be acquired by it to help the firm become a "global leader in document and business process management services".

An agreement by both the firms was signed on September 28, under the terms of which Xerox stated that it would take over ACS via a transaction of cash and stock transfer.

Shortly after the announcement, ACS shareholders filed a complaint which alleged that the offered bid seems to be "too low" keeping in mind the firm's overall value.

Later in the year, the legal conflict was resolved, and Xerox said that it would outright suspend the offer if a better deal surfaces for ACS.

As of now, the sale agreement has managed to satisfy all federal regulators and a voting is all set to happen in February to give shareholders a chance to decide.

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