Xerox Makes Offer for Global Imaging Systems
April 2007
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STAMFORD, CT—Xerox Corp., through its wholly owned subsidiary RG Acquisition I Corp., started a cash tender offer Wednesday to purchase all outstanding common stock shares Tampa, FL-based Global Imaging Systems, for $29 per share. The deal is worth about $1.5 billion.
The offer, announced Monday, represented a 49 percent premium over Global Imaging System’s closing stock price the previous week. Following the purchase of shares in the tender offer, Global Imaging will become a subsidiary of Xerox.
The offer, announced Monday, represented a 49 percent premium over Global Imaging System’s closing stock price the previous week. Following the purchase of shares in the tender offer, Global Imaging will become a subsidiary of Xerox.
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