July 12, 2016
The OEM is said to be “in talks” to acquire the financial printing firm.
Reuters reported on the talks, noting that the OEM is planning the acquisition “according to two people familiar with the matter”. Both companies “still have significant issues to negotiate and a deal is not imminent”, according to one of the sources, and neither company “returned requests for comment” from the news source.
Bloomberg had reported the talks earlier this week, claiming that Xerox “would look to acquire” RR Donnelly “and then merge parts of it within the two newly-created companies” the OEM is going to split into before the end of the year. With Xerox planning the split into Conduent and Xerox – for business process optimisation and hardware respectively – Reuters added that the OEM “had been trying to turn itself around, shifting focus to software and services”.
Corporate customers have been cutting “printing costs and consumers [have] moved to mobile devices”, while RR Donnelly also announced plans last year “to split into three publicly-traded companies”, though it has “not yet completed” this.
Categories : City News