Ron Burgundy Posted March 24, 2015 Share Posted March 24, 2015 (Reuters) - Lexmark International Inc, known for its printers, said it would buy Kofax Ltd for about $1 billion to double the size of its enterprise software business. Lexmark's $11 per share cash offer represents a 46.7 percent premium to Kofax stock's Tuesday close of $7.50 on the Nasdaq. Kofax shares were up 35.7 percent at $10.18 in extended trading. Lexmark shares rose nearly 7 percent. Lexmark said it expects the deal to "significantly" expand operating margins in its software business, which would now be worth about $700 million. ... View the full article Quote Link to comment Share on other sites More sharing options...
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