The following appears on wsj.com
By DAVID BENOIT and DANA CIMILLUCA – Xerox Corp. privately rejected a bid to merge its document business with R.R. Donnelley & Sons Co., according to people familiar with the matter.
Xerox in January announced plans to break into two businesses, splitting its business-outsourcing operations from its legacy printer and copier division. As is often the case with such breakups, Xerox has drawn some interest in potential deals since then, people familiar with the matter said.
R.R. Donnelley, which is also in the process of breaking up, expressed interest in putting its operations together with Xerox’s remaining copier business, the people said.
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