Affiliated Computer Services Inc. (ACS) said that it would conduct a special meeting for shareholders on February 5 to vote on Xerox Corp.'s (XRX) proposal to purchase ACS.
ACS shareholders who owned ACS common stock at the close of business on December 11, 2009 may attend the special meeting.
Last September, Xerox agreed to acquire ACS in a cash and stock transaction. Under the terms of the merger agreement, ACS shareholders will receive $18.60 in cash and 4.935 shares of Xerox for every share of ACS they own.
Based on the closing price of Xerox on September 25, 2009, this would amount to about $63.11 per share and a transaction value of $6.4 billion.
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