Market
Will Xerox complete Lexmark acquisition by March 31, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Xerox or Lexmark, major financial news outlets
Story
Xerox to Acquire Lexmark for $1.5 Billion, Bringing Printer Maker Back to U.S. Ownership; Deal Immediately Accretive
Dec 23, 2024, 12:24 PM
Xerox Corp. is nearing a deal to acquire Lexmark International for $1.5 billion, including debt, which will bring the printer maker back under U.S. ownership after eight years of being controlled by a consortium of Asian investors. The acquisition is expected to nearly double Xerox's size, strengthening its core printing portfolio. The deal is set to be immediately accretive to Xerox's earnings per share (EPS) and free cash flow (FCF). Xerox has also approved a change in its dividend policy, reducing the dividend from $1.00 per share to $0.50 per share. Following the announcement, Xerox's shares rose by 4.29% in pre-market trading.
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Yes • 50%
No • 50%
Achieved $100M-$199M reduction • 25%
No cost reduction achieved • 25%
Achieved less than $100M reduction • 25%
Achieved $200M+ reduction • 25%
Decrease • 25%
No significant change • 25%
Increase by 1-5% • 25%
Increase by more than 5% • 25%
Yes • 50%
No • 50%
