Xerox sued by large investor over plan to split company

Xerox sued by large investor over plan to split company
 

One of Xerox Corp's largest shareholders sued the copier maker to block its plan for spinning off its document outsourcing business into a new publicly traded company.
Darwin Deason sued Xerox on Tuesday in a U.S. District Court in Dallas over the company's plan to divide its legacy copier and printer business from its business process outsourcing unit, which would become a new company called Conduent Inc.
Xerox said in a Thursday statement that Deason's lawsuit was meritless and the company would seek its dismissal.
The Conduent business includes the operations of Dallas-based Affiliated... read more

 
13 October 2016 in Science &Technology, Views: 32
Source: Reuters
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