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Stock Market & Financial Investment News

News Breaks
February 4, 2013
17:01 EDTLXKLexmark repurchased $21M in shares under accelerated repurchase agreement
Lexmark (LXK) disclosed in a regulatory filing that after the close of the markets on January 29, Lexmark entered into an accelerated share repurchase agreement with JPMorgan (JPM). Pursuant to the terms of the agreement, the company will purchase $21M of the outstanding shares of its class A common stock from JPMorgan. After entering into the transaction described above, the company now has approximately $230M of share repurchase authority remaining.
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