An investigation for investors in NYSE:LXK shares was announced concerning whether the takeover of Lexmark International Inc for $40.50 per share is unfair.
Investors who purchased shares of Lexmark International Inc (NYSE:LXK) and currently hold any of those NYSE:LXK shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of Lexmark International Inc breached their fiduciary duties owed to NYSE:LXK investors in connection with the proposed acquisition.
On April 19, 2016, Lexmark International Inc announced that it has entered into a merger agreement with a consortium of investors led by Apex Technology Co., Ltd. and PAG Asia Capital (PAG), under which Lexmark International Inc will be acquired for $40.50 per share in an all-cash transaction with an enterprise value of approximately $3.6 billion, net of cash.
However, the investigation concerns whether the offer is unfair to NYSE:LXK stockholders. More specifically, the investigation concerns whether the Lexmark Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of Lexmark International Inc (NYSE:LXK) closed on April 29, 2016, at $38.60 per share.
Those who are current investors in NYSE:LXK shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com