Xerox to Merge with Fuji Xerox - 10,000 jobs to be eliminated

I am a long-time fan of, and subscriber to, Larry Hunt’s Newsletters

(“Color Copy News”, “High Speed Copy News”, “Wide-Format News”)

In the intro section in one of the newsletters this month, this note was included:

“Editor’s note: This significant merger was announced as the newsletters went to press. There is a related story in this month’s High Speed News that details the efforts of two large Xerox investors to compel changes in Xerox management. It appears these efforts have had an effect.

I also noticed press reports stating that at least 10,000 jobs will be eliminated at the combined companies in the near future. It is not yet clear where these job losses are to occur, and whether they are the result of this merger or were already planned.

It will be interesting to see how this combination will develop.”

www.larryhunt.com

Blog-publisher’s comment:

Wow, 10,000 jobs being eliminated!  A sign of the times.

ARC Document Solutions - Share Price $2.15 and Market Cap just under $100 mil

Today at 3:50 pm Eastern Time, just before the markets closed, ARC shares were trading at $2.15 per share.

At $2.15 per share, ARC’s “market cap” was reported to be $99.88 million.

ARC paid $100 million for Ridgway’s.

So, if you buy ARC at $2.15 per share, you’re getting the core ARC company (prior to its many, many acquisition), Ridgway’s and all of the other companies ARC acquired during its roll-up of the reprographics industry.

Remarkable!