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Xerox Corporation -- Moody's Says Xerox's Review of Strategic Alternatives for Customer Financing Business and Proposal to Establish New Holdco Create Uncertainty

Moody's said Xerox Corporation ("Xerox") recently announced that it is looking at strategic alternatives for its customer financing business and related assets. Earlier this March, Xerox disclosed that its Board of Directors approved a reorganization of Xerox's corporate structure to provide strategic, operational, and financial flexibility. As part of this reorganization, the company is seeking 2/3 shareholder approval to create a new holding company ("New Holdco").