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Lexmark Stock Price: Lenovo Could Be Behind Apex Technology’s Purchase of Lexmark

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Printer maker Lexmark has received regulatory approval over merger with Apex Technology and PAG Asia Capital.
The agreed purchase offer of Apex and PAG Asia is $40.50 per LXK share.
Lenovo’s subsidiary Legend Capital is involved in this deal.
Lexmark is one of the leaders in Gartner’s Magic Quadrant for Managed Print Services. Lenovo could use Lexmark as a stepping stone to enter the MPS industry.
Lexmark’s stock has buy signals from the market trend algorithmic forecasts of I Know First Research.