Canaccord Genuity Downgrades Kofax Limited (KFX) to Hold
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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
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