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Stock Market & Financial Investment News

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July 14, 2014
07:35 EDTLXKLexmark increases tender offer price for all outstanding shares of ReadSoft
Lexmark has increased its cash tender offer price for all of the outstanding shares of Sweden-based ReadSoft to Swedish Krona 50.00, a 16% increase from Lexmark's prior offer of SEK 43.00, for each Class A and Class B share of ReadSoft for a price of approximately $224M, net of cash acquired. Lexmark made the decision to increase its tender offer price in response to a competitive offer for ReadSoft shares announced on July 7. This cash offer by Lexmark of SEK 50.00 is 11% higher than the most recent competitive offer. Lexmark has also directly acquired shares in ReadSoft and now owns approximately 5.3% of all outstanding shares in ReadSoft. The new offer period will begin on or about August 7 and run to August 28, unless otherwise extended. Settlement of the tender offer is expected to occur around September 4, after the end of the offer period.
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December 22, 2014
16:31 EDTLXKLexmark appoints David Reeder as CFO
Lexmark (LXK) announced the appointment of David Reeder as vice president and CFO, effective Jan. 9, 2015. Reeder has been CFO for Electronics for Imaging (EFII) since January, with responsibilities for finance, accounting, IT, real estate, security and treasury, audit, tax and investor relations. Lexmark's interim CFO, Gary Stromquist, will remain with the company and resume his duties as vice president of finance for Lexmark's Imaging Solutions and Services division and the Corporate Finance group.
16:16 EDTLXKElectronics for Imaging CFO Reeder resigns, to become CFO of Lexmark
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