Key Developments: Lexmark International Inc (LXK.N)

LXK.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lexmark International Inc's subsidiary announces new and higher cash offer for ReadSoft AB
Monday, 14 Jul 2014 02:10am EDT 

Lexmark International Technology S.A:Says new higher cash offer to shareholders of company with offer price of 50 swedish crown per share and withdrawal of previously announced cash offer for the shares in ReadSoft AB with offer price 43 per share swwdish crown.Lexmark International Technology S.A is a wholly-owned subsidiary of Lexmark International Inc.Says on May 6, Lexmark International Technology announced public offer to shareholders of ReadSoft to transfer all of their shares in company to Lexmark International Technology for consideration of 40.05 swedish crown in cash per share in ReadSoft.Says on June 19, Lexmark International Technology announced an increase of the offer price under the Initial Lexmark Offer from 40.05 swedish crown per share to 43 swedish crown per share, in response to a competing offer for the shares in ReadSoft that was announced by Hyland Software UK Ltd.  Full Article

Lexmark International Inc to increase tender offer price for all shares of ReadSoft AB
Wednesday, 18 Jun 2014 04:30pm EDT 

Lexmark International Inc:Announced that it will increase its cash tender offer price for all of the shares of ReadSoft AB.Revised cash offer is 43.00 swedish crowns, a 7.4 percent increase from Lexmark's original offer of 40.05 swedish crowns, for each Class A and Class B share of ReadSoft for a price of about $194 million, net of cash acquired.Pursuant to the transaction agreement, ReadSoft's Board has agreed to continue to recommend in favor of Lexmark's revised tender offer.  Full Article

Lexmark appoints Gary Stromquist as interim chief financial officer
Monday, 12 May 2014 04:30pm EDT 

Lexmark International Inc:Appoints Gary Stromquist as its interim Chief Financial Officer effective May 20.John Gamble resigns as CFO.  Full Article

Lexmark International Inc commences tender offer for all outstanding shares of ReadSoft
Tuesday, 6 May 2014 06:00am EDT 

Lexmark International Inc:Commencement of cash tender offer for all of outstanding shares of Sweden-based ReadSoft.Offer is $6.11 in cash for each Series A and Series B share of ReadSoft for price of about $182 mln, net of cash acquired.Completion of tender offer is contingent upon acceptance by ReadSoft shareholders representing more than 90 pct of total number of outstanding shares of ReadSoft.  Full Article

Lexmark International increases quarterly dividend by 20 pct
Thursday, 24 Apr 2014 04:30pm EDT 

Lexmark International Inc:Approves increase of the quarterly dividend per share of Lexmark Class A Common Stock by $0.06 per share to $0.36 per share (or $1.44 per share on an annual basis) from the previous $0.30 per share (or $1.20 per share on an annual basis).Payable on June 13.Record date as of May 30.  Full Article

Lexmark International Inc gives Q2 2014 guidance in line with analysts' estimates
Tuesday, 22 Apr 2014 06:30am EDT 

Lexmark International Inc:Expects Q2 2014 revenue, excluding Inkjet Exit revenue, to grow year to year.Expects continued negative impact from decision to exit inkjet.Expects Q2 2014 total revenue is currently expected to decline 2 pct. to 4 pct., compared to last year.Expects Q2 2014 GAAP earnings per share to be around $0.47 to $0.57.Expects Q2 2014 non-GAAP earnings per share (EPS) to be around $0.85 to $0.95.Reported revenue of $890.00 mln in Q2 2013.Q2 2014 revenue estimate of $856.08 mln and EPS of $0.94 - Thomson Reuters I/B/E/S.  Full Article

Lexmark International Inc declares quarterly dividend
Thursday, 20 Feb 2014 04:00pm EST 

Lexmark International Inc:Declares a quarterly cash dividend of $0.30 per share of Lexmark Class A Common Stock.Payable on March 14, to shareholders of record as of the close of business on March 3.  Full Article

Lexmark International Inc gives Q1 2014 outlook in line with analysts' estimates
Tuesday, 28 Jan 2014 06:30am EST 

Lexmark International Inc:Sees Q1 2014 revenue excluding Inkjet Exit revenue to be up year to year.Sees Q1 2014 total revenue to decline 3 to 5 pct, compared to last year.Sees Q1 2014 GAAP earnings per share (EPS) to be around $0.31 to $0.41.Sees Q1 2014 non-GAAP EPS to be around $0.80 to $0.90.The company reported revenue of $886 mln in Q1 2013.Q1 2014 revenue of $844 mln, EPS of $0.85 - Thomson Reuters I/B/E/S.  Full Article

Lexmark International Inc Declares Quarterly Dividend
Thursday, 24 Oct 2013 04:30pm EDT 

Lexmark International, Inc announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of Lexmark Class A Common Stock. The dividend is payable on December 13, 2013, to shareholders of record as of the close of business on November 29, 2013.  Full Article

Lexmark International Inc Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Tuesday, 22 Oct 2013 07:00am EDT 

Lexmark International Inc announced that for the fourth quarter of 2013, revenue excluding Inkjet Exit revenue is expected to be flat to up 2% year to year. The Company expects a continued negative impact from the decision to exit inkjet. Total revenue is currently expected to decline 3% to 5%, compared to last year. GAAP earnings per share in the fourth quarter of 2013 are expected to be around $0.57 to $0.67, compared with GAAP earnings per share of $0.10 in the fourth quarter of 2012. Non-GAAP earnings per share in the fourth quarter of 2013 are expected to be around $1.07 to $1.17, compared with non-GAAP earnings per share of $0.61 in the fourth quarter of 2012. The Company reported revenue of $968.00 million in the fourth quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $915.11 million and EPS of $1.11 for the fourth quarter of 2013.  Full Article

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