Lexmark's (LXK) Acquisition of Kofax (KFX) is Near-Term Credit- Negative Event - Moody's

Moody's Investors Service ("Moody's") says that Lexmark (NYSE: LXK) announcement that it will acquire Kofax Limited ("Kofax") for total consideration of $1 billion (net of acquired cash) is strategically prudent but is a near term credit negative because of its effects on credit metrics and liquidity. The transaction does not affect the company's Baa3 rating or stable outlook.

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