XEROX / ACS

Darwin Deason finally struck a deal to sell Affiliated Computer Services, Inc., the company he founded in 1988. Xerox Corporation announced on September 28 that it had agreed to buy ACS for $6.4 billion in cash and stock. Xerox will also assume $2 billion in debt and $300 million in convertible preferred securities to bring the total deal value to $8.7 billion.