Apex Rumoured to be Considering Selling Lexmark’s Software Division
Bloomberg reports that Apex Technology and a group of investors set to purchase Lexmark International once regulatory approval is obtained are reportedly considering selling Lexmark’s software division, according to unnamed sources.
China-based Apex Technology and investor PAG Asia Capital are said to be discussing the sale with several private-equity firms. The software division is said to be worth as much as $1 billion.
A Lexmark spokesperson declined to comment on the proposed sale. Lexmark continues to expect the deal – in which it would Apex and investors would purchase it for $3.6 billion – to close in the second half of 2016.
- August 2016: Loss for Lexmark’s Second Quarter, But Sharp Revenue Increase for Enterprise Services Group
- August 2016: Committee on Foreign Investment in the U.S. to Review Proposed Lexmark Acquisition by APEX Technology and Investors
- July 2016: Lexmark Employees Warn of 45-Percent Workforce Reduction, APEX to ‘Absorb Lexmark R&D, Shift Operations to China’
- July 2016: Lexmark Shareholders Approve Acquisition by Apex Technology and PAG Asia Capital
- May 2016: Lexmark Employees Seek to Block Apex Acquisition, Citing Chinese-Hacking Concerns
- April 2016: Lexmark Reports First-Quarter Loss; Enterprise Software Revenue Up, but Imaging Solutions Revenue Down
- April 2016: Apex Technology and PAG Asia Capital to Acquire Lexmark for $3.6 Billion; ‘Business as Usual,’ but Asia Expansion Seen