Xerox to Buy Printer Maker Lexmark in $1.5 Billion Deal [Yahoo! Finance Canada]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
Check Earnings Report
US:NYSE Investor Relations:
ibm.com/investor
Company Research
Source: Yahoo! Finance Canada
(Bloomberg) -- Xerox has agreed to buy printer maker Lexmark International Inc. from a consortium of Asian investors in a deal valued at $1.5 billion. Most Read from Bloomberg The transaction includes debt and other liabilities that Xerox will assume from current owners Ninestar Corp., PAG Asia Capital and Shanghai Shouda Investment Centre. Xerox will cut its annual dividend to 50 cents a share from $1 to help finance the takeover, according to a company statement Monday. The deal is expected to close in the second half of 2025, pending approval from US and Chinese regulators. Acquiring Lexmark will bring manufacturing in-house and improve exposure to markets in Asia and Latin America, Chief Executive Officer Steven Bandrowczak said on a call with analysts Monday. Lexmark, spun off in 1991 by International Business Machines Corp., is already a partner and supplier to Xerox. More than $200 million in annual cost savings are expected for the combined company by reducing sales a
Show less
Read more
Impact Snapshot
Event Time:
IBM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBM alerts
High impacting International Business Machines Corporation news events
Weekly update
A roundup of the hottest topics
IBM
News
- All You Need to Know About IBM (IBM) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- Is International Business Machines (IBM) Outperforming Other Computer and Technology Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- What Is Quantum AI? Everything to Know About This Far-Out Tech [CNET News]CNET News
- Has The Santa Claus Rally Begun? [Forbes]Forbes
- Xerox to buy printer maker Lexmark from Chinese owners in $1.5 billion deal [CNBC]CNBC
IBM
Earnings
- 10/23/24 - Beat
IBM
Sec Filings
- 12/9/24 - Form 8-K
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- IBM's page on the SEC website