- Xerox (NYSE:XRX) has rejected a bid to merge its document business with R.R. Donnelley (NASDAQ:RRD), WSJ reports.
- XRX has attracted interest in potential deals since announcing plans in January to split into two businesses, and RRD, which also is in the process of breaking up, expressed interest in combining its operations with XRX’s remaining copier business, according to the report.
- XRX's board reportedly reviewed the proposal with its advisers before telling RRD today it was not interested, believing its own breakup plan is less risky.