Lexmark to be acquired for $3.6B – CNBC

6 months ago Comments Off on Lexmark to be acquired for $3.6B – CNBC

The company intends to keep its headquarters located in Lexington, Kentucky. Lexmark also said its current chairman and CEO, Paul Rooke, will remain at the helm of the company after the close of the deal.

“This is an exciting transaction that Lexmark’s Board of Directors believes is in the best interests of our shareholders following an exhaustive strategic alternatives review process to maximize value,” said Rooke in a statement.

The deal will be funded by debt financing as well as equity contributions from the consortium of Apex, PAG and Legend Capital Management.

Lexmark to be acquired for $3.6B – CNBC}