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May 6, 2014
06:14 EDTLXKLexmark commences tender offer for all outstanding shares of ReadSoft
Lexmark announced the commencement of a cash tender offer for all of the outstanding shares of Sweden-based ReadSoft. The offer is $6.11 in cash for each Series A and Series B share of ReadSoft for a price of approximately $182M, net of cash acquired. ReadSoft's board has unanimously recommended in favor of Lexmark's tender offer, and it is also supported by ReadSoft's two largest shareholders. Upon successful completion of the tender offer, ReadSoft will be combined with Lexmark's Perceptive Software. With the addition of ReadSoft, Perceptive Software will significantly grow its software presence with additional document process automation capabilities and the expansion of its footprint in Europe. ReadSoft's technology and market presence will also complement Lexmark's Perceptive Software, strengthening its position as a leading provider of intelligent data capture software solutions for back office processes. The tender offer is expected to close in Q2.
News For LXK From The Last 14 Days
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September 9, 2014
13:02 EDTLXKArtisan Partners reduces passive stake in Lexmark to 2.3% from 8.3%
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September 8, 2014
08:31 EDTLXKLexmark announces results of Readsoft tender offer
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