Business News

Xerox Launches Senior Notes Offering to Finance Acquisition

Wednesday 02. December 2009 - Xerox Corporation (NYSE: XRX) expects to raise funds through the offering of senior unsecured notes announced today.

Net proceeds from the offering will be used in connection with the acquisition of Affiliated Computer Services (NYSE: ACS). On Sept. 28, Xerox announced a definitive agreement to acquire ACS in a cash and stock transaction.

This press release is neither an offer to sell nor the solicitation of an offer to buy the notes. It does not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale is unlawful.

Banc of America Securities, Citigroup Global Markets Inc., and J.P. Morgan Securities Inc. are acting as joint book-running managers for the offering. Offers for the notes are to be made only through the prospectus. A copy of the prospectus and prospectus supplement may be obtained by contacting any of the following institutions: Banc of America Securities LLC at 1-800-294-1322; Citigroup Global Markets Inc. at 1-877-858-5407 or J.P. Morgan Securities Inc. at 1-212-834-4533.