The Recycler
  • Biuromax Masthead web banner March 2024
  • G&G Masthead August 2024
  • Katun Masthead Nov 2024
  • Ambiente 2025 Masthead

Xerox received approvals for reorganisation

July 26, 2019

The OEM announced that it has received all required regulatory approvals for its proposed holding company reorganisation.

As previously announced, the board of directors of Xerox unanimously approved the holding company reorganisation and Xerox shareholders adopted the merger agreement pursuant to which Xerox expected to implement the holding company reorganisation at Xerox’s annual shareholders meeting on 21 May 2019.

The transaction is expected to close on 31 July 2019.

In the holding company reorganisation, existing shares of Xerox common stock will be automatically converted, on a one-for-one basis, into shares of common stock of Xerox Holdings Corporation, the new holding company.

Shareholders of Xerox do not need to return stock certificates or otherwise take any action to exchange their shares of Xerox common stock. Xerox expects the common stock of Xerox Holdings Corporation to trade on the New York Stock Exchange under Xerox’s current trading symbol, “XRX,” at the opening of trading on 1 August 2019. The common stock of Xerox Holdings Corporation has been assigned a new CUSIP Number: 98421M 106.

The management and business of Xerox will remain the same immediately following the holding company reorganization.

Xerox added that due to the anticipated timing for completion of the holding company reorganisation, the common stock quarterly dividend usually declared by the Xerox board of directors in July is expected to be declared by the Xerox Holdings Corporation board of directors in August.

Consistent with the Company’s normal practice, it is expected that the common stock quarterly dividend will still be payable on 31 October 2019 to shareholders of record on 30 September 2019.   

Categories : City News

Tags : Business Reorganisation Xerox

  • GM Technology Nov Web Ad
  • IR Italiana Web ad January 2021
  • Biuromax Nov 2024 Web Ad
  • Static Control June 2022 Big & Bold Ad
  • G&G web advert October 2024
  • Ink Tank No Web advert
  • Apex Web ad Nov 2024
  • Cartridge Web Nov Web Banner
  • TN Core Nov Web advert
  • denner UK Web Banner Jul 2024
  • PCL Nov Web advert
  • CET Web ad December 2023
  • Mito Web banner June 2024
  • HYB Web banner Jan 2024
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • PCL Nov Web advert
  • denner UK Web Banner Jul 2024
  • Denner Feb 2024 Web Ad
  • Zhono Web ad March 2024
  • CET Web ad December 2023
  • HYB Web banner Jan 2024
  • Mito Web banner June 2024
  • ITP Web ad January 2021
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • Mito Web banner June 2024
  • denner UK Web Banner Jul 2024
  • PCL Nov Web advert
  • ITP Web ad January 2021
  • CET Web ad December 2023
  • Zhono Web ad March 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark