Reported 1 day ago
Xerox has announced its acquisition of printer manufacturer Lexmark International from Chinese owners in a $1.5 billion deal to strengthen its core business. This move will bring Lexmark back under U.S. ownership after previously being sold to Chinese investors in 2016. The acquisition aims to enhance Xerox's competitive position in the market, allowing it to serve over 200,000 clients globally and expand its presence in the Asia-Pacific region. Xerox plans to finance the deal through a mix of cash and debt, which includes reducing its annual dividend to manage debt levels.
Source: YAHOO