Inacom to purchase Vanstar in $480 million stock swap

Article Abstract:

Vanstar Corp. will be acquired by Inacom Corp. in a $480 million stock swap that will be structured as a tax-free merger known as a "pooling of interests." Industry analysts have said that the deal, which still must be approved by regulators and shareholders, will create the world's largest distributor of Compaq, IBM and Hewlett-Packard computers for corporate customers. The merger of Inacom, known for its product-management operations, and Vanstar, which provides computer consulting and services, will create a company with about 13,000 employees.

Comment:

Will acquire Vanstar Corp. in $480 mil stock swap designed as a tax-free merger known as a "pooling of interests."

Asset sales & divestitures, Acquisitions & mergers, Computer and Computer Peripheral Equipment and Software Wholesalers, Computers Wholesale, In-House Computers Services, Computer Systems Design Services, InaCom Corp., Information technology services, Computer wholesalers, Vanstar Corp.

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Xerox recruits IBM's Firestone as retail chief, rejoining ex-boss

Article Abstract:

Xerox Corp. recruited James A. Firestone to run its $1.5 billion retail distribution business. Firestone was the head of International Business Machines Corp's Aptiva line of consumer PCs. The move reunites Firestone with, Xerox President Richard Thoman, his former boss at IBM and at American Express Co. The 43 year old Firestone succeeds Pierre Danon who was promoted to president of Xerox Ltd. Xerox is stepping up the competition for home and small office customers who traditionally have bought printers instead of copiers.

Comment:

Xerox recruits James A. Firestone to run its retail distribution division

Photocopy Equipment, Photographic and Photocopying Equipment Manufacturing, Executive changes & profiles, Company Personnel, Xerox Corp.

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