Lexmark CEO Waugerman Steps Down
Lexmark President and CEO Allen Waugerman has stepped down from his positions at Lexmark. The move coincides with Xerox’s completion......
Lexmark President and CEO Allen Waugerman has stepped down from his positions at Lexmark. The move coincides with Xerox’s completion......
While a lot of attention has been paid to how the acquisition will affect Xerox, what will be the effects on Lexmark, which has not been performing particularly well and is saddled with $1.05 billion in debt?
As we had expected, Xerox has completed its acquisition of Lexmark International for $1.5 billion – and the big question is if the merger can revive the fortunes of both companies in what is a declining market.
It’s our opinion that with the approval of a majority of Ninestar shareholders this week, Xerox’s successful acquisition of Lexmark......
Acquisitions / Featured Posts / Lexmark / Ninestar / Xerox
by Kathleen Wirth · Published June 24, 2025
Xerox has moved one step closer to acquiring Lexmark International…
Xerox hopes to complete the transaction in the second half of this year.
Hurdles still remain for Xerox’s Lexmark acquisition – but one thing’s for sure – U.S. regulatory authorities should have no problem bringing the IBM spin-off back into U.S. ownership.
Dividend reduction part of company strategy to reduce debt incurred for Lexmark acquisition.
Companies forecast tariff costs to be hundreds of millions of dollars.
Xerox, which is set to acquire Lexmark International for $1.5 billion from Ninestar Corporation, today announced that several Lexmark executives......
Plus, an update on Lexmark finances and an investor in the Lexmark acquisition.
Company says it expects to incur some $50 million in costs due to tariffs.
Featured Posts / Financial News / Xerox
by Kathleen Wirth · Published May 1, 2025 · Last modified May 2, 2025
Xerox today reported financial results for its first quarter, reporting revenue of $1.46 billion, down 3.0 percent year-over-year…
Company focusing on indirect sales, as well expanding into digital and IT services, and production print – as it reaffirms commitment to print with pending Lexmark acquisition.
For companies that say they’ve balanced the locations of their manufacturing sites to minimize tariffs, these new tariffs make it impossible to do so, particularly since most Southeast Asian countries were hit with the new tariffs.
Transaction remains valued at $1.5 billion, as announced in December 2024.
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