Ron Burgundy Posted October 13, 2016 Share Posted October 13, 2016 (Reuters) - 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 Computer Services Inc, the company that Deason founded and that was acquired by Xerox for $6.4 billion in 2010. View the full article Quote Link to comment Share on other sites More sharing options...
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