Xerox raises $746m

Company sells shares like hot cakes...<br>

By Lynne Hardy, 18 January 2002 15:45

NEWS

Xerox has managed to raise $746m through shares it issued in the US and Europe.

The money raised exceeded initial projections of $500m.

With this funding plus the company's $1.2bn in debt repayments, Xerox has increased its cash position to $4.6bn.

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