Xerox Corp. (XRX) on shaky ground after making new acqusition

Symbols: ACS, XRX
Share

Xerox Corp (NYSE: XRX) will buy Affiliated Computer Services Inc (NYSE: ACS) for $6.4 billion in a cash-and-stock deal that will expand the copier company operations in technology outsourcing and data management. However, XRX shares fell 15 percent to $7.48 as traders suspected that the integration of operations of two companies will take a long gestation period.  The XRX stock may witness further correction in days ahead.


 
 
< Previous
Amerian Greetings Corp (AM) all set to show further strength
Next >
Affiliated Computer Services (ACS) is ripe for correction
Share
Printer-friendly version
Send to friend
We're Loving

Benzinga's Premium Memberships

Benzinga's News Delivered Free

Brain Trust