US Stock Market Move | Xerox Holdings Corporation (XRX.US) rose more than 10% after acquiring L&M International for $1.5 billion.

On Monday, Xerox Holdings Corporation (XRX.US) stock price rose, as of the time of writing, the stock increased by over 10% to $9.28. On the news front, the company previously announced an acquisition of Lexmark International for $1.5 billion, which is expected to significantly improve financial performance and reduce debt leverage.