Chinese firms snap up Lexmark for $3.6b

The US printer maker will be sold to a Chinese consortium led by Apex Technology and PAG Asia Capital.

A Chinese consortium led by Apex Technology and PAG Asia Capital has snapped up print giant Lexmark in a deal valued at $3.6 billion including debt, as Chinese investors continue their outbound buying spree snapping up brand names all over the world. 

The all-cash transaction values Lexmark at $40.5 per share, representing a 16.8% premium to its Tuesday closing share price of $34.66 in New York, the company said late on Tuesday in a statement.

The takeover is the latest in a string of cross-border acquisitions by Chinese companies that are actively expanding overseas and purchasing established foreign assets for their know-how and new markets amid...

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