SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
September 22, 1999
XEROX CORPORATION
(Exact name of registrant as specified in its charter)
New York 1-4471 16-0468020
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
800 Long Ridge Road
P. O. Box 1600
Stamford, Connecticut 06904-1600
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code:
(203) 968-3000
Item 5. Other Events
On September 22, 1999, Registrant announced that it had entered into an
Asset Purchase Agreement pursuant to which Registrant would acquire the
business and assets, subject to certain liabilities, of the Color Printing
and Imaging Division ("Division") of Tektronix, Inc. for a cash purchase
price of $950 million. The purchase price is subject to adjustment based
upon the closing date net assets. The Division manufactures and markets
a family of Phaser r color laser and solid ink printers which last year
had nearly $725 million in sales. In addition, the Division has an
established distribution network and manufacturing facilities. The
Division employs approximately 2,400 people worldwide and is headquartered
in Wilsonville, Oregon, a suburb of Portland. The Registrant expects that
most of the employees of the Division will become employees of Registrant
in its new Xerox Office Printing Business ("Business") and that Gerry
Perkel, current president of the Division, will become president of the
new Business. The closing of the transaction is subject to regulatory
reviews and customary closing conditions.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly authorized this report to be signed on its behalf
by the undersigned duly authorized.
XEROX CORPORATION
/s/ Martin S. Wagner
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By: Martin S. Wagner
Assistant Secretary
Dated: September 23, 1999
