Deals
Xerox Sued by Darwin Deason Over Plan to Split Core Business
- Suit seeks to halt reorganzation scheduled for end of year
- Deason founded company that merged with Xerox in 2010
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Xerox Corp. shareholder Darwin Deason sued to block a reorganization that would effectively reverse its $6.2 billion takeover of the company he founded, Affiliated Computer Services Inc.
Deason, 76, argues the split, planned for completion by the end of the year, would leave him with an investment in an “unattractive, low-growth” document technology business, according to a complaint filed Wednesday in federal court in Dallas.