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

motek 1The 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

Lexmark Stock Price

  • 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.

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