By Finance Pulse in XRX —

Xerox Acquires Lexmark for $1.5B, Shares Jump 7%

Xerox's $1.5 billion acquisition of Lexmark boosts APAC print services. Despite a 50% YTD drop, shares rose 7% as dividend cuts help fund the deal.

Artistic depiction of two corporate towers representing Xerox and Lexmark merging, set against a ris
Xerox Acquires Lexmark for $1.5B, Shares Jump 7%

Xerox is acquiring Lexmark for $1.5 billion and cutting its dividend to fund the purchase. Shares rose nearly 7% intraday but are down 50% year-to-date.

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