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FUNAI ELECTRIC CO LTD Announces Acquisition of Inkjet-Related Technology and Assets of Lexmark International, Inc.
FUNAI ELECTRIC CO LTD announces that it has executed an agreement to acquire the inkjet-related (IJ) technology and assets of Lexmark International, Inc., for JPY 9,500 million. The Assets include Inkjet Patents; IJ R&D Resources in the U.S.; All of Outstanding Shares of IJ Manufacturing Affiliate of Lexmark in Philippines (Including Land, Building, Equipment and Staff); Other IJ Technologies and Assets. The expected date of asset transfer is within the first half of 2013.
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