Menu
Xerox restructures business to create holding company

Xerox restructures business to create holding company

Reorganisation to be implemented in mid-2019

Credit: Reuters

Xerox said it will implement a structure in which the printer maker will become a wholly owned unit of a new holding company.

The reorganisation is expected to be implemented in mid-2019 and the new holding company's shares will trade on the New York Stock Exchange under its current ticker "XRX".

A holding company structure allows a firm to lower its tax bill, protect patents and diversify its unit's businesses efficiently.

In 2015, Google formed a holding company, Alphabet, with distinct units under it.

Xerox scrapped a complex deal last year to merge with Fujifilm Holdings after it ran into strong opposition from activist investors Carl Icahn and Darwin Deason.

In the last two quarters, Xerox topped profit estimates and undertook initiatives to streamline its business under the new management led by chief executive officer John Visentin, an Icahn appointee.

(Reporting by Sonam Rai in Bengaluru; Editing by Shounak Dasgupta)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Xeroxrestructure

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments