ACS’s Acquisition by Xerox

On September 28, 2009, Affiliated Computer Services, Inc. (“ACS”) and Xerox Corporation announced a definitive merger agreement pursuant to which Xerox has agreed to acquire ACS for an enterprise value of approximately $8.4 billion. ACS, headquartered in Dallas, Texas, is the world’s largest diversified business process outsourcing (BPO) firm. The transaction, which has been unanimously approved by the Xerox and ACS boards of directors and ACS special committee, is expected to close in the first quarter of 2010.

The lawyers involved in this transaction include partners James C. Woolery and Minh Van Ngo and associates Jonathan L. Corsico, Evan M. D’Amico and R. Elliott Tapp on corporate matters; partner Eric W. Hilfers and associates Jarrett R. Hoffman and Jared R. Whalen on executive compensation and benefits matters; and partner Andrew W. Needham and associates J. Leonard Teti II and Audry X. Casusol on tax matters.