Xerox Corp. (XRX) Tops Q4 EPS by 4c; Will Separate into Two, Publicly-Traded Companies
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Xerox (XRX) Split Should Drive Valuation Upside - Piper Jaffray
February 1, 2016 8:07 AM ESTPiper Jaffray analyst, George Tong, thinks splitting Xerox (NYSE: XRX) into two entities could drive valuation upside of 40%+ on cost savings and increased management focus. Financial results were weak as expected but the focus going forward is likely to be on the transformation rather than the tone of current business.
Xerox announced it will be splitting into a services company containing its BPO business (39% of revenue) and a... More
Xerox Corp. (XRX) Ratings Placed on Review for Downgrade by Moody's Amid Separation Plans
January 29, 2016 8:38 AM ESTMoody's Investors Service ("Moody's") has placed the ratings of Xerox Corp. (NYSE: XRX) under review for downgrade following Xerox's announcement of its plan to divide into two separate, publicly traded companies, comprised of its Document Technology ("DT") and Business Process Outsourcing ("BPO") businesses. The ratings placed under review include the Baa2 senior unsecured and P-2 short term ratings.
RATINGS RATIONALE
The rating review reflects Moody's view that... More
Xerox Corp. (XRX) , Icahn Enter Agreement on Business Process Outsourcing Governance
January 29, 2016 6:47 AM ESTXerox (NYSE: XRX) and Carl C. Icahn announced that they have entered into an agreement related to the governance of the Business Process Outsourcing (BPO) company... More
UPDATE: Xerox Corp. (XRX) to Split in Two - DJ
January 28, 2016 3:55 PM EST(Updated - January 28, 2016 3:58 PM EST)
Xerox Corp. (NYSE: XRX) is planning to split into a hardware and services company, according to Down Jones sources. An announcement could come Friday morning.
The report also said Carl Icahn will get three board seats at the services company.
... More