Xerox to buy Lexmark in deal that reminds you both of those companies still exist
Xerox said it would buy privately held Lexmark International from Chinese owners in a deal that values the company at $1.5 billion including debt. Not a great look for those Chinese owners, who took Lexmark private in 2016 in a deal that valued it at $3.6 billion including debt at the time.
Xerox shareholders seem excited, bidding the stock up 8% in premarket trading, though it’s a light-volume trading day and those moves don’t necessarily extend into regular trading. Still, it might not take much to excite a Xerox shareholder, since the stock is down by more than 50% so far in 2024.
Xerox shareholders seem excited, bidding the stock up 8% in premarket trading, though it’s a light-volume trading day and those moves don’t necessarily extend into regular trading. Still, it might not take much to excite a Xerox shareholder, since the stock is down by more than 50% so far in 2024.
