Xerox holders convert $1.03 billion trust preferreds

By Caroline Salls

Pittsburgh, Dec. 7 - Xerox Corp. said holders of $1.03 billion of its Xerox Capital Trust II 7½% convertible trust preferred securities due 2021 converted their securities into 113.4 million shares of Xerox common stock.

The remaining $100,000 of the securities were redeemed for cash.

There are now no securities outstanding.

Xerox is a Stamford, Conn.-based document management company.

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