Takeover deal values Lexmark at US$3.6b

San Francisco

LEXMARK International Inc, a computer-printer maker, agreed to be acquired by an investment consortium led by Apex Technology Co and PAG Asia Capital in a transaction that values the company at US$3.6 billion.

The all-cash deal, worth US$40.50 per Lexmark share, will be financed through equity contributions from the buyers and debt financing, the company said on Tuesday in a statement. The transaction, approved by Lexmark's board, is expected to close in the second half of 2016 and is subject to certain shareholder and regulatory approvals. Legend Capital Management Co is also a member of the consortium.