Xerox Looking to Reorganize Under a Holding Company

Xerox is looking to reorganize its corporate structure under a holding company. Under the plan filed with federal regulators, Xerox would become a wholly owned subsidiary.

If shareholders approve, the change could be made by the middle of the year. And the holding company would trade under the ticker XRX on the New York State Exchange.

Xerox says the reorganization will give it greater strategic, operational and financial flexibility.

The executive officers and directors would not change.

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