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Xerox to Split Into Two Public Companies

As reported by The Wall Street Journal and other media outlets, Xerox Corporation announced its plan to separate into two independent, public companies. The separation, which Xerox expects to complete by the end of 2016, will create two industry-leading companies in order to maximize returns to shareholders and align the businesses to current market dynamics.

The Paul, Weiss team serving as legal advisor to the board of directors included, among others, firm chair Brad Karp; corporate partners Robert Schumer and Jeffrey Marell; litigation partners Charles Davidow, Daniel Kramer and Andrew Ehrlich; and employee benefits counsel Reuven Falik.

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