Lexmark to buy Kofax in deal valued at about $1 billion

Reuters News
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Posted: Mar 24, 2015 4:44 PM

(Reuters) - Printer maker Lexmark International Inc said it would buy customer management software maker Kofax Ltd for an enterprise value of about $1 billion.

The $11 per share cash offer represents a premium of 46.7 percent to Kofax's Tuesday close of $7.50.

Lexmark said the deal will double the size of its enterprise software business.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Joyjeet Das)