Industry News, Printers News

Lexmark Increases Tender Offer Price for All Outstanding Shares of ReadSoft

A 16 percent increase from Lexmark’s prior offer

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Lexmark International, Inc. announced that it has increased its cash tender offer price for all of the outstanding shares of Sweden-based ReadSoft. This cash offer is Swedish krona (SEK) 50.00, a 16% increase from Lexmark’s prior offer of SEK 43.00, for each Class A and Class B share of ReadSoft for a price of approximately $224 million, net of cash acquired.   Lexmark made the decision to increase its tender offer price because it continues to believe the combination of ReadSoft with Lexmark’...

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