Xerox Stock Soars on $1.5B Acquisition of Printer Maker Lexmark
XRXXerox Holdings(XRX) Investopedia·2024-12-24 01:28

Key TakeawaysXerox said it was purchasing privately held Lexmark International from its Chinese owners for $1.5 billion to meet the needs of clients in the hybrid workplace.The office supply company added that the move will expand its reach in the Asia-Pacific (APAC) region.Xerox will cut its dividend in half to help pay for the deal. Xerox Holdings (XRX) shares jumped nearly 7% intraday Monday after the office products maker announced that it was buying privately held Lexmark International from its Chinese ...