Canaccord Genuity Downgrades Kofax Limited (KFX) to Hold
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Lexmark to Acquire Kofax
March 24, 2015 4:30 PM EDTLEXINGTON, Ky. & IRVINE, Calif.--(BUSINESS WIRE)-- Kofax Limited:
Lexmark International, Inc. (NYSE: LXK) and Kofax Limited (NASDAQ and LSE: KFX) today announced that the two companies have entered into a merger agreement in which Lexmark will acquire Kofax. Under the terms of the merger agreement, Lexmark will acquire all of the outstanding shares of Kofax for $11.00 per share in cash for a total enterprise value of approximately $1 billion, net of cash acquired. Lexmark will fund the acquisition with its... More