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Xerox Spends $6.4B on ACS

Xerox (NYSE: XRX), the document-management giant headquartered in Norwalk, CT, said today that it will buy Affiliated Computer Services (NYSE: ACS), a Dallas, TX-based business process outsourcing firm, for $6.4 billion in cash and stock. The acquisition will turn Xerox—like IBM or Dell—into a hybrid technology and services firm; ACS has 74,000 employees focusing on IT support, human resources, finance, and customer support for clients in government, healthcare, and other industries.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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