Lexmark to Acquire Kofax
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B. Riley Downgrades Kofax Limited (KFX) to Neutral
March 26, 2015 6:59 AM EDTB. Riley downgraded Kofax Limited (NASDAQ: KFX) from Buy to Neutral with a price target of $11.00 (from $9.75).
For an analyst ratings summary and ratings history on Kofax Limited click here. For more ratings news on Kofax Limited click here.
Shares of Kofax Limited closed at $10.95 yesterday.
... MoreKofax Deal Could Put a Floor Under Lexmark (LXK), Brean Capital Says
March 25, 2015 1:12 PM EDTBrean Capital analyst Ananda Baruah said Lexmark's (NYSE: LXK) deal to acquire Kofax Software (KFX) could be material and put a floor under the stock.
Baruah commented, "Bottom line is that this is a deal that could 1) put a floor under the LXK short thesis (at... More
S&P Affirms Ratings on Lexmark (LXK) Following Move to Acqure Kofax (KFX)
March 25, 2015 10:20 AM EDTStandard & 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
Northland Capital Markets Downgrades Kofax Limited (KFX) to Market Perform Amid Takeover
March 25, 2015 7:21 AM EDTNorthland Capital Markets downgraded Kofax Limited (NASDAQ: KFX) from Outperform to Market Perform with a price target of $11.00 (from $10.00) after the company agreed to be acquired by Lexmark in an all cash transaction for $11/share.
Analyst Scott Berg commented, "We believe the... More
Canaccord Genuity Downgrades Kofax Limited (KFX) to Hold
March 25, 2015 6:43 AM EDTCanaccord Genuity downgraded Kofax Limited (NASDAQ: KFX) from Buy to Hold with a price target of $11.00 (from $9.00). Lexmark plans to acquire Kofax.
For an analyst ratings summary and ratings history on Kofax Limited... More
Lexmark (LXK) to Acquire Kofax (KFX) in ~$1B Deal
March 24, 2015 4:31 PM EDTLexmark 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... More