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Xerox Corporation and Affiliated Computer Services, Inc. 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.

A diversified business process outsourcing firm, ACS is a $6.5 billion company with revenue growth of six percent and new business signings of $1 billion in annual recurring revenue during its fiscal 2009.

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