Lexmark International, Inc. LXK today announced that approximately
98 percent of the shareholders of Sweden-based ReadSoft have accepted
Lexmark's revised tender offer of Swedish Krona (SEK) 57.00 per share, as
of Sept. 4.
o The total consideration to be paid to acquire ReadSoft is approximately
$251 million, net of cash acquired, which will be funded entirely with
Lexmark's non U.S.-based cash.^1
o Now holding more than 90 percent of the shares in ReadSoft, Lexmark plans
to request a compulsory purchase of the outstanding minority shares of the
Swedish company.
o Settlement for the shares tendered prior to the Sept. 4 expiration date of
Lexmark's tender offer is expected to begin around Sept. 11.
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