Saturday, December 20, 2014

Xerox Corp Selling IT Outsourcing Unit for $1.05B (XRX)

Before the opening bell on Friday morning, it was announced that French company Atos SA will buy Xerox’s (XRX) IT outsourcing unit for $1.05 billion in cash.

Atos SA is a computer services firm, and its purchase of this Xerox unit will give the France-based company a stronger foothold in the U.S. Xerox’s IT outsourcing unit has annual revenues of $1.5 billion. The deal is expected to close during the first half of 2015.

Xerox stock was up 52 cents, or 2.59%, in pre-market trading. YTD, the stock is up 14.13%.

XRX Dividend Snapshot

As of Market Close on December 18, 2014

XRX dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of XRX dividends.

No comments:

Post a Comment