ACS and Xerox may face trouble in Delaware (Dealscape

Affiliated Computer Services Inc. and Xerox Corp. may be on a collision course with the Delaware Court of Chancery. Xerox's $6.4 billion agreement to buy ACS poses the same fact pattern as the one that Chancellor William B. Chandler III addressed in an opinion issued Oct. 2, four days after the ACS deal was announced.

On Friday, ACS filed a preliminary proxy on the deal with the U.S. Securities and Exchange Commission that details the ACS board's negotiations with Xerox and its decision to approve a deal that gives ACS founder and chairman Darwin Deason a premium for his controlling stake in the company relative to the consideration other shareholders would receive.

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NOT A SUBSCRIBER? ACS and Xerox may face trouble in Delaware Posted on October 23, 2009 5:30 PM Affiliated Computer Services Inc. and Xerox Corp. may be on a collision course with the Delaware Court of Chancery. Xerox's $6.4 billion agreement to buy ACS poses the same fact pattern as the one that Chancellor William B. Chandler III addressed in an opinion issued Oct. 2, four days after the ACS deal was announced. On Friday, ACS filed a preliminary proxy on the deal with the U.S. Securities and Exchange Commission that details the ACS board's negotiations with Xerox and its decision to approve a deal that gives ACS founder and chairman Darwin Deason a premium for his controlling stake in the company relative to the consideration other shareholders would receive. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 1,012 in-depth reports of M&A deals in the Technology sector 127 company pages related to Computers 24 in-depth transaction records for Affiliated Computer Services Inc. 14 in-depth transaction records for Xerox 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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