Xerox expands share repurchase authorization by $1B Building on its share repurchase plan, the company’s board of directors approved a $1Bincrease to the current authorization. Xerox expects to allocate at least $400M in cash for share repurchase next year, adding to the $900M to $1.1B in stock buyback planned for this year.
Xerox to acquire RSA Medical, terms not disclosed Xerox announced a definitive agreement to acquire RSA Medical. The acquisition, once closed, will expand Xerox's portfolio of healthcare service offerings to payers and life insurers using predictive analytics to enhance member outreach services aimed at improving overall population health. The RSA Medical management team and its employees will remain with the company. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2015. Terms of the transaction were not disclosed.