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LATEST VIDEOS
Sullivan and Cromwell Partner Frank Aquila on what the M&A activity means for the market.
Xerox will pay $6.4B to buy ACS. Meanwhile, Unicom will offer the iPhone in China.
LATEST STORIES
| MarketWatch| Markets
… 9.125 billion. Wall Street had been expecting revenue of $8.13 billion. See full story Watch list Affiliated Computer Services Inc. (ACS) said it earned $68.8 million, or 70 cents a share, in its fiscal second quarter, down from …
Story|10/22/2009
ACS Second-quarter Profit Falls To $68.8 Million
| MarketWatch Pulse| Markets
… Wallace Witkowski MarketWatch Pulse SAN FRANCISCO -- Affiliated Computer Services said late Thursday it earned $68.8 million, or 70 cents a share, in its fiscal second quarter, down from $83.6 million …
Story|10/22/2009
CSC Upped To Neutral By Goldman On M&A View
| MarketWatch Pulse| Markets
… target to $54 from $46 on the increased likelihood that it will be bought. Goldman also lifted targets on Affiliated Computer Services , Cognizant Technology Solutions , ExlService Holdings and WNS Holdings . Copyright © 2009 MarketWatch, Inc …
Story|10/14/2009
FOXBusiness.com's Week in Review: Sept. 28 - Oct. 2, 2009
| FOXBusiness| Markets
… acquisition activity Monday giving the Dow its best day in over a month. Xerox (XRX) set up a deal to buy Affiliated Computer Services (ACS). Abbot Labs (ABT) bought a drug business. And Johnson & Johnson (JNJ) took a $444 million stake …
Story|10/02/2009
MarketWatch's Top Stories, Sept. 28-Oct. 2
| MarketWatch| Other Stories
… for Xerox Xerox (XRX) , struggling with a pullback in office-equipment spending, struck a deal to buy Affiliated Computer Services (ACS) for $6.4 billion in cash and stock to bolster its position in providing outsourcing services. The …
Story|10/02/2009
Market Winners and Losers: MBIA, Snap-On
| FOXBusiness| Markets
… and Nasdaq Composite advancing nearly 2% each. Here are some of Monday’s winners and losers: Winners Affiliated Computer Services (ACS): The business-process company leapt 14% to $53.86 on the news that Xerox planned to buy it in …
Story|09/28/2009
Xerox Moved Fast As Credit Markets Opened: CFO
| MarketWatch Pulse| Markets
… Christopher Hinton MarketWatch Pulse NEW YORK -- Xerox Corp. began tie-up talks with Affiliated Computer Services Inc. in early summer, with the conversation moving "very quickly" as the once-troubled credit markets opened up, said Xerox …
Story|09/28/2009
S&P Puts Xerox On Negative Credit Watch
| MarketWatch Pulse| Markets
… Corp.'s credit rating on negative watch after the maker of printers and imaging products said it would buy Affiliated Computer Services Inc. in a $6.4 billion deal. At the same time, the credit-rating agency placed ACS on credit watch …
Story|09/28/2009
Xerox-ACS Deal Could Boost Other IT Services -UBS
| MarketWatch Pulse| Markets
… Christopher Hinton MarketWatch Pulse NEW YORK -- Xerox Corp.'s $6.4 billion deal to purchase Affiliated Computer Services Inc. to expand its back-office services bodes well for similar companies, according to a Monday note from …
Story|09/28/2009
Xerox: ACS Merger To Cost $50-$75 Mln By 2012
| MarketWatch Pulse| Markets
… Christopher Hinton MarketWatch Pulse NEW YORK -- Xerox Corp. said Monday that its acquisition of Affiliated Computer Services Inc. will cost the company between $50 million to $75 million by 2012. The Norwalk, Conn., document …
Story|09/28/2009
