M&A: XEROX CORP

Form Type: 8-K

Filing Date: 2024-12-23

Corporate Action: Acquisition

Type: New

Accession Number: 000119312524283670

Comments: On December 22, 2024, Xerox Corporation entered into an Equity Purchase Agreement to acquire Lexmark International II, LLC for $1.5 billion. This acquisition includes Lexmark's equity securities along with assumed liabilities, subject to customary adjustments. Certain conditions must be met for the transaction to close, including antitrust approvals and shareholder consent from Ninestar Corporation, which owns 32.12% of Lexmark's shares. Xerox has secured financing commitments totaling approximately $356.7 million and other financing arrangements to fund the acquisition. The transaction is anticipated to close in the second half of 2025. Additionally, a Voting Agreement has been established with Ninestar shareholders to support the acquisition. The agreement outlines specific voting obligations against alternative proposals and provides for reimbursement of expenses under certain termination scenarios.

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