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Xerox: 5 Things The Company Is Doing To Change Course

Xerox is in the process of merging its operations into Xerox Holding Company, as well as courting buyers for its customer finance unit, which represents $3.4 billion of its debt.

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A Company In Motion

Xerox announced Monday that it is considering a “strategic transaction” for its customer financing unit, which is the latest step in the company’s bid to reinvent itself under CEO John Visentin.

Since Visentin took over in May, the iconic American copy brand has hardly taken a break, or had a break, with Fujifilm suing Xerox in June for breach of contract, and Visentin carrying out a massive internal reorganization that culminated at the end of the year with new leaders and new structures in place.

The company responded to the June lawsuit on Friday.

In addition to the sale of the financing unit, the company is now in the process of merging under Xerox Holding Company.

Amid all of this, the company’s share price has continued to climb.

 
 
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