ACS Acquisition By Xerox Completes

The acquisition of Dallas-based Affiliated Computer Services has completed, according to acquiring firm Xerox. Xerox--which originally announced the acquisition of ACS in September--said that ACS will initially be renamed as ACS, A Xerox Company, and will continue to be headed by Lynn Blodgett, current President and CEo of ACS. The deal is worth approximately $6.4 billion. Xerox said the move will make it a $22 billion company.