Xerox’s Separation into Two Market‑Leading Public Companies

On January 29, 2016, Xerox Corporation announced that the Board of the company has unanimously approved management’s plan to separate Xerox into two independent publicly‑traded companies, the Document Technology company and the Business Process Outsourcing company, each of which will be a leader in its respective industry. Cravath is representing Xerox in connection with this transaction.

The Cravath team included associates Michael E. Mariani and Rachael G. Coffey on M&A matters; partners Kris F. Heinzelman and Joseph D. Zavaglia and associate Edward J. Reed on securities matters; and partner Lauren Angelilli, senior attorney Andrew Carlon and associate Arvind Ravichandran on tax matters. Warwick C. W. Brennand also worked on M&A matters.