Xerox selling ITO unit, stock edged up in premarket

... to the condition of certain assets at closing. Xerox anticipates proceeds of about $850 million, after taxes. The Norwalk, Connecticut-based company said that it plans to increase its 2015 capital allocation for stock buybacks to about $1 billion ...



via Norwalk Newswire http://www.fresnobee.com/2014/12/19/4293337/xerox-selling-ito-unit-stock-rises.html?sp=/99/170/