|
|
Article: United States : Xerox Takes Heat Over Bid for ACS.
- Article from:
- TendersInfo
- Article date:
- September 30, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Xerox Corp. and its new chief executive, Ursula Burns, unveiled the biggest acquisition in the company's 103-year history, joining a wave of hardware makers expanding into services with a $5.6 billion deal for Affiliated Computer Services Inc.
Aimed at snapping Xerox out of its funk, the acquisition and integration of ACS -- which has 74,000 workers compared with Xerox's 54,000 -- is a big gamble by a new CEO. But Ms. Burns, a Xerox veteran who took over in July, is seeking new markets as Xerox's traditional copier and printer business faces pressure from rivals such as Hewlett-Packard Co.
Investors frowned on the stock-and-cash deal, sending Xerox's ...