In an announcement on Nov 29th, Lexmark International, Inc confirmed the successful acquisition by a consortium of investors let by Apex Technology Co., Ltd and PAG Asia Capital. The merger agreement was announced in April, 2016 and approved by shareholders in July of that year. Under the agreement, shareholders received $40.50 per share in cash. Additional regulatory hurdles from the Committee on Foreign Investment in the United States, the US department of Defense, Homeland Security, China’s State Administration of Foreign Exchange, among others have also been cleared.
Led by Apex Technology and PAG Asia Capital, this Chinese consortium offered to take Lexmark International Inc private in a $3.6 billion in an all-cash transaction.
This $1.05 billion deal was announced on September 12th and is expected to close within 12 months. The plan is for Samsung to spin off its printer business (including 6,000 employees)
Finally, the deal is struck! After years of off-and-on pursuit, Foxconn Technology Group has agreed to purchase a controlling stake in Sharp Corp. for $3.5 billion.
It seem the deal was finally struck on February 24th when the Sharp board voted to accept Foxconn’s bid and announced the sale Wednesday evening. But a few hours later