Thursday, April 30, 2015

Xerox CFO Comments Seem to Rule Out Kofax Bid

Xerox recently adjusted its outlook for 2015 in the wake of fairly weak Q1 results. But, the big news for our readers may be Xerox CFO Kathryn Mikells' comments on the company's acquisition goals. Mikells told Reuters: "We're expecting to do up to $900 million in acquisitions this year and early next year." This would seem to rule out a bid for Kofax, for which Lexmark has already bid $1B.

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