Xerox in Deal to Acquire Lexmark
The Wall Street Journal|December 24, 2024
Agreement values the closely held printer maker at $1.5 billion, including debt
LAUREN THOMAS
Xerox in Deal to Acquire Lexmark

Xerox Holdings has struck a deal for closely held Lexmark International that values the maker of printers and printing software at $1.5 billion, including debt.

Xerox's takeover of the business would bring Lexmark back under U.S. ownership. The company's current owners are printer maker Ninestar Corp. (formerly known as Apex Technology), listed in Shenzhen, China; private-equity firm PAG Asia Capital; and asset manager Shanghai Shouda Investment Centre.

Xerox is expected to finance the deal with a combination of cash on hand and committed debt financing.

Shares in Xerox, based in Norwalk, Conn., rose nearly 12.6% Monday to $9.45 a share. The company has a market value of a little more than $1 billion. Its share price has come under pressure in recent lower-than-exmonths from pected equipment sales.

Esta historia es de la edición December 24, 2024 de The Wall Street Journal.

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Esta historia es de la edición December 24, 2024 de The Wall Street Journal.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.