Xerox’s Separation into Two Market‑Leading Public Companies
January 29, 2016
On January 29, 2016, Xerox Corporation announced that the Board of the company has unanimously approved management’s plan to separate Xerox into two independent publicly‑traded companies, the Document Technology company and the Business Process Outsourcing company, each of which will be a leader in its respective industry. Cravath is representing Xerox in connection with this transaction.
The Cravath team included associates Michael E. Mariani and Rachael G. Coffey on M&A matters; partners Kris F. Heinzelman and Joseph D. Zavaglia and associate Edward J. Reed on securities matters; and partner Lauren Angelilli, senior attorney Andrew Carlon and associate Arvind Ravichandran on tax matters. Warwick C. W. Brennand also worked on M&A matters.
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J.D., 2004, Brooklyn Law SchoolValedictorian, summa cum laude
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B.B.A., 2001, College of Insurancecum laude
- New York
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J.D., 2000, Harvard Law Schoolcum laude
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B.S., 1996, The Wharton School of the University of Pennsylvaniamagna cum laude
- New York
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SEC Ends Accounting Investigation of Xerox Subsidiary ACS
On August 28, 2014, the SEC ended a formal investigation of certain revenue recognition accounting practices at Affiliated Computer Services, Inc. (“ACS”), a company acquired by Xerox in 2010, without bringing any charges against Xerox or ACS. Cravath represented Xerox and ACS in the investigation. A current employee and a former employee of ACS agreed to settlements with the SEC, which did not include fraud charges.
