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Xerox Agrees to Deal for ACS

NORWALK, CT—Xerox Corp. and Affiliated Computer Services (ACS) announced a definitive agreement for Xerox to acquire ACS in a cash and stock transaction valued at $63.11 per share, or $6.4 billion as of the closing price of Xerox stock on Sept. 25. ACS is a $6.5 billion company with revenue growth of 6 percent and new business signings of $1 billion in annual recurring revenue during its 2009 fiscal year.