Xerox to buy printer maker Lexmark from Chinese owners in $1.5 billion deal [CNBC]
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: CNBC
The purchase from Ninestar Corp, PAG Asia Capital and Shanghai Shouda Investment Centre will bring Lexmark back to U.S. ownership. Formed out of IBM in 1991, Lexmark was sold to a group of Chinese investors in a deal valued at $3.6 billion in 2016. Xerox, a household name globally, has seen its revenue shrink for five straight quarters as demand for printers and related equipment sputtered in the digital age. The company also faces tough competition from HP and Canon, among others. Its shares, down more than 50% this year, were trading nearly 5% higher before the bell. The Lexmark deal, which includes its debt, will provide Xerox a much-needed scale to compete better. The combined company is expected to serve more than 200,000 clients in 170 countries and have a market share among the top five firms globally in various print segments. The deal would also allow Xerox to expand its presence in the Asia-Pacific region while strengthening its ability to tap customers in the expan
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 in $1.5 Billion Deal [Yahoo! Finance Canada]Yahoo! Finance Canada
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