12:20 - 24.12.2024

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December 24, Fineko/abc.az. Xerox Holdings, which manufactures printers and copiers, has agreed to buy manufacturer of laser printers, Lexmark International Inc, ABC.AZ reports, referring to Xerox.

The value of the Lexmark is estimated at $1.5 billion, the amount includes the company's debt and other obligations to the current owners, Asian investment companies Ninestar Corp., PAG Asia Capital and Shanghai Shouda Investment Center.

The deal will be paid for with Xerox's existing funds and by raising new debt. Xerox will also reduce its annual dividend to 50 cents per share from $1 to finance the purchase.

The deal is expected to close in the second half of 2025.

Xerox shares are up 11.7% in preliminary trading on Monday. Since the beginning of the year, company's capitalization has halved to $1 billion.