Lexmark Said to Be Considering Separate Sales of Its Printer/Copier and Software Groups

Lexmark-perceptive HQ

Reuters reports that several anonymous people familiar with the matter say that Lexmark International is currently considering separately selling its printer/copier hardware assets, as well as its software assets, in order to “revive interest in its sale process.”

The sources say Lexmark has discussed sale of the entire company, but it’s failed to receive any offers in line with its valuation expectations. There have been several rumors that the company would be sold to Konica Minolta, based on a letter sent to Photizo Group from a group only identifying themselves as Lexmark employees.

The sources in the Reuters story asked not to be identified, as the details of the sale process are confidential.

“Lexmark does not intend to comment on the exploration process or disclose further developments until the board approves a specific transaction or otherwise concludes the exploration of strategic alternatives,” Lexmark said in a statement.

Back in October 2015, in the wake of a disappointing third quarter, Lexmark said it was pursuing “strategic alternatives” (see story here).

More Resources

October 2015: Lexmark Reports Third-Quarter Results; Exploring ‘Strategic Alternatives’; Sale Rumored

July 2015: Revenue Flat for Lexmark, Announces Restructuring Plan and 500 Job Cuts

May 2015: Lexmark Completes Kofax Acquisition; Bish is New President of Lexmark Enterprise Software Division

April 2015: Lower Revenue at Lexmark for First Quarter, But Meets Earnings Forecast

January 2015: Lexmark Reports Loss for Fourth Quarter, but Seventh Consecutive Quarter of Revenue Growth

 

 

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