Apex Technology and PAG Lead Acquisition of Lexmark
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S&P Places Lexmark's (LXK) Ratings on CreditWatch Developing
April 20, 2016 2:48 PM UTCStandard & Poor's Ratings Services said that it placed its 'BBB-' corporate credit rating on Lexmark International Inc. (NYSE: LXK), as well as the 'BBB-' issue-level ratings on the company's unsecured notes, on CreditWatch with developing implications.
"The CreditWatch placement is based on the... More
Standpoint Research Downgrades Lexmark International (LXK) to Hold
April 20, 2016 7:46 AM UTCStandpoint Research downgraded Lexmark International (NYSE: LXK) from Buy to Hold.
For an analyst ratings summary and ratings history on Lexmark International click here. For more ratings news on Lexmark International click here.
Shares of Lexmark International closed at $34.66 yesterday.
... MoreApex Technology-Led Consortium to Acquire Lexmark (LXK) in ~$3.6B Deal
April 20, 2016 6:31 AM UTCLexmark International, Inc. (NYSE: LXK) announced that it has entered into a definitive merger agreement with a consortium of investors led by Apex Technology Co., Ltd. (Apex) and PAG Asia Capital (PAG), under which Lexmark will be acquired for $40.50 per share in an all-cash transaction with an enterprise value of approximately $3.6 billion, net of cash. Legend Capital Management Co., Ltd. (Legend Capital) is also a member of the Consortium.
The transaction has been unanimously approved by Lexmark's Board of Directors and represents a 30 percent premium to Lexmark's undisturbed... More