What will Xerox's acquisition of printer maker Lexmark bring to business?
Xerox Holdings Corporation today announced that it has agreed to acquire laser printer manufacturer Lexmark International from Nastar Corporation, Pacific Alliance Asia Capital and Shanghai Capital Investment Center in a transaction valued at $1.5 billion, including assumed debt. Xerox said in a statement Monday that it would cut its annual dividend to 50 cents a share from $1 to help fund the acquisition.
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