March 15, 2012 - News

Xerox Funds Pension Plan with $130 Million in New Stock Issues

In a March 15, 2012 filing with the SEC, Xerox Corporation (NYSE: XRX) reported a contribution to its pension plan of approximately 15.4 million shares of newly issued company stock valued at $130 million. Evercore Trust has been engaged to manage the subsequent sale of the contributed stock to the public.