Xerox falls on $1.5 bln deal to buy Lexmark

Xerox Holdings

23/12/2024 12:00

** Shares of office equipment-maker Xerox Holdings  XRX.O 
fall 1.6% to $8.26 premarket
    ** XRX to buy printer-maker Lexmark International from
Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda
Investment Centre in a deal valued at $1.5 bln
    ** Deal to strengthen the Xerox core print portfolio and
build a broader global print and managed print services business
- XRX 
    ** Co says the deal is expected to close in the second half
of 2025
    ** Up to last close, stock down ~54% this year

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))