Investor files lawsuit against Affiliated Computer Services Inc. over proposed takeover

For Immediate Release

SAN DIEGO/EWORLDWIRE/Oct. 2, 2009 --- Shareholders Foundation Inc. ('http://www.shareholdersfoundation.com') announces that a lawsuit has been filed in Texas State Court on behalf of the shareholders of Affiliated Computer Services Inc. (ACS) (NYSE:ACS) in connection with the proposed takeover of ACS by Xerox.

The complaint alleges that the terms of the proposed transaction are unfair because the firms seek to discourage any potential higher bidders by containing a no-solicitation provision and a termination fee of $194 million.

In addition, the complaint alleges that ACS Chairman Darwin Deason, owner of 43.6 percent of the voting rights of ACS, is benefitting himself at the expense of the other ACS shareholders by entering into a Voting Agreement with Xerox, requiring him to vote all his shares in favor of the Xerox proposal in exchange for certain benefits.

Xerox Corporation announced that it has agreed to acquire Affiliated Computer Services Inc. for cash and stock valued at $63.11 per share. The deal is worth about $6.4 billion. Under the terms of the proposed acquisition, ACS shareholders will receive a total of $18.60 per share in cash plus 4.935 Xerox shares for each ACS share they own.

Shares of Affiliated Computer Services Inc. traded at $54.24 per share after the announcement and at about $48 per share shortly before the announcement. Affiliated Computer Services Inc. shares reached almost $60 per share in 2008, and over $60 per share in 2007. In particular ACS stock traded at close to $51 per share as recently as April 9, 2009, and the mean target set by analysts for ACS stock is beyond $54 per share with at least one analyst setting a $62 price target.

The Shareholders Foundation Inc. has also set up a vote poll on its website for shareholders of ACS to vote whether the offered price is in their opinion fair or unfair.

Those who currently hold Affiliated Computer Services Inc. have options and should contact the Shareholders Foundation Inc. by e-mail at mail@shareholdersfoundation.com or call +1-858-779-1554.

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com

The Shareholders Foundation Inc. is an investor advocacy group which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The group offers help, support and assistance for every shareholder, and investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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CONTACT:
Trevor Allen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
PHONE. +1 (858) 779 - 1554
FAX. +1 (858) 605 - 5739
EMAIL: mail@shareholdersfoundation.com
http://www.ShareholdersFoundation.com

SOURCE: Shareholders Foundation, Inc.