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Xerox print profits under pressure

Xerox print profits under pressure

Reinvention strategy cushions losses as print revenue drops and IT growth surges. Xerox reported a narrower first-quarter loss despite continued weakness in its core print business, as its IT services segment more than doubled revenue following the ITsavvy...
Xerox unveils post-Lexmark acquisition leadership team

Xerox clarifies Lexmark deal value

We reported, Xerox replied – after our deadline. Here’s what changed. Yesterday we published a story based on Ninestar’s announcement valuing the Xerox–Lexmark deal at between $75 million (€69.7 million) and $150 million (€139 million). That was the figure Ninestar...
Xerox acquires Lexmark in $150 million carve-up

Xerox acquires Lexmark in $150 million carve-up

Struggling Ninestar offloads flagship brand as geopolitical pressures mount. In a transaction that marks a dramatic shift in the global print sector, Chinese technology group Ninestar has agreed to sell 100% of its holding in Lexmark International to Xerox...
Xerox announces offering of senior secured notes

Xerox announces offering of senior secured notes

Xerox Corporation intends to use the net proceeds from the offering of the First Lien Notes, together with cash on hand, to finance the redemption of $90 million (€83.37 million) of Xerox’s 5.000% Senior Notes due 2025. Xerox Corporation announced an offering of...