:Xerox Holdings said on Monday it would buy Lexmark International, the maker of printers and printing software, in a$1.5 billion deal.
The Lexington, Kentucky-based Lexmark was formed as a spinoff of IBM in March 1991, according to the company's website. It caters to customers in more than 170 countries in markets, including manufacturing, retail and financial services.
In October, Xerox had said it would buy ITsavvy, an Illinois-based IT products firm, for $400 million, as the office equipment maker looks to expand its IT services business.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.