Lexmark Shareholders Approve Merger Deal - Quick Facts

(RTTNews) - Lexmark International Inc. (LXK), a printing and imaging solutions provider, said that its shareholders have approved the definitive merger deal under which the company will be acquired by a consortium of investors led by China's Apex Technology Co., Ltd. as well as PAG Asia Capital, and including Legend Capital Management Co., Ltd.

Upon completion of the transaction, Lexmark shareholders will receive $40.50 per share in cash.

Lexmark said that 70 percent of its outstanding shares were voted at the special shareholder meeting held today. Of the Lexmark shares that were voted, 99 percent were voted in favor of the merger.

The transaction, subject to certain regulatory approvals, is expected to be completed in the second half of 2016.

In April 2016, Lexmark said it agreed to be bought by a consortium of investors led by Apex Technology for $40.50 per share in cash. The enterprise value of the deal would be approximately $3.6 billion, net of cash.

Lexmark also said it plans to announce its second-quarter 2016 earnings before the opening of the New York Stock Exchange on Friday, July 29, 2016.