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STARTEEPO Urges Xerox Board to Review Xerox Financial Services Value

Xerox logoXerox
Sig1.55Sen-1.60Env0.00Soc0.00Gov-1.20

STARTEEPO, a shareholder with 7.34% beneficial ownership, issued a letter and investor presentation urging Xerox’s board to conduct a strategic review of Xerox Financial Services. It calls for greater transparency into XFS performance, evaluation of strategic alternatives including a potential sale, deleveraging, and continued capital discipline. The group supports management’s efforts but says enterprise value remains below expectations, estimating XFS could be worth about $7.69 per share.

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