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

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