The proposal called for a deal that would have been structured as a so-called Morris Trust, a tax-efficient set-up in which Xerox would get a slight premium, one person familiar with the matter said. "Xerox Rejects Proposed Merger Deal With R.R. Donnelley" at 9:17 p.m. ET incorrectly described the deal structure proposed.

(END) Dow Jones Newswires

July 14, 2016 22:38 ET (02:38 GMT)

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