Consortium led by China's Apex Technology to buy Lexmark for $3.6 billion

Reuters News
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Posted: Apr 19, 2016 6:44 PM

(Reuters) - Printer maker Lexmark International Inc has agreed to be acquired by a group of investors led by China-based Apex Technology Co Ltd and PAG Asia Capital in a deal valued at $3.6 billion net of cash, the company said.

Lexmark shareholders will get $40.50 for each share held representing a premium of 18 percent to Tuesday's close of $34.32 billion.

Reuters reported earlier this month that Apex Technology, that manufactures ink cartridge chips, was in negotiations to buy Lexmark.

(Reporting by Kshitiz Goliya in Bengaluru; editing by Grant McCool)