Xerox: agreement to acquire Lexmark

(CercleFinance.com) - Xerox says it has agreed to acquire Lexmark International from Ninestar Corporation, PAG Asia Capital and Shanghai Shouda Investment Centre in a transaction valued at $1.
5 billion, including assumed liabilities.

"This acquisition will strengthen Xerox's core printing portfolio and create a global business better suited to meet the changing needs of customers in hybrid work environments," explains the printer manufacturer.

At the same time, Xerox's Board of Directors has approved a change in dividend policy to reduce the annual dividend from one dollar to 50 cents per share, starting with the dividend expected to be declared in the first quarter of 2025.

The transaction is subject to regulatory approvals, Ninestar shareholder approval and other customary closing conditions. It is expected to close in the second half of 2025.

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