Lexmark to acquire Kofax
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March 25, 2015 10:20 AM EDT
Standard & Poor's Ratings Services today said it affirmed its 'BBB-' corporate credit rating on Lexington, Ky.-based Lexmark International Inc. (NYSE: LXK). The outlook is stable. At the same time, we affirmed our 'BBB-' ratings on the company's senior unsecured notes.
"The affirmation... More
March 24, 2015 4:31 PM EDT
Lexmark International, Inc. (NYSE: LXK) and Kofax Limited (Nasdaq: KFX) announced that the two companies have entered into a merger agreement in which Lexmark will acquire Kofax. Under the terms of the merger agreement, Lexmark will acquire all of the outstanding shares of Kofax for $11.00 per share in cash for a total enterprise value of approximately $1 billion, net of cash acquired.
Lexmark will fund the acquisition with its non-U.S. cash on hand and its existing credit facility...
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