Xerox CEO Ursula Burns, ACS President, CEO Lynn Blodgett

The world’s largest printer and document copier provider, Xerox, has announced (Xerox webinar) today the company has reached a deal to acquire data management and processing firm Affiliated Computer Services for $6.4 billion.

Under the plan that still requires regulatory and shareholder approval, Xerox would pay $18.60 cash per share and would give 4.935 Xerox shares for everyone single share ACS shareholders own.

Equivalently, Xerox would pay $63.11 per ACS share, more than a 20-percent premium over the $53.99 ACS price is trading at as of 11:06am today.

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