secwatch.observer — SEC 8-K summary
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Issuer:     XEROX CORP (—)
CIK:        0000108772
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001193125-24-263043
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xerox completes acquisition of ITsavvy for $400M in cash and notes
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- Acquired ITsavvy for $400M total: $180M cash and $220M in secured promissory notes.
- Issued $110M 2025 Note and $110M 2026 Note to the seller on Nov 20, 2024.
- Financial statements and pro forma data for ITsavvy to be filed by amendment within 71 days.
- Deal originally reported in Form 8-K filed Oct 17, 2024; this 8-K confirms closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108772/000119312524263043/0001193125-24-263043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108772/000119312524263043/d904059d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-263043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer