Consortium led by China's Apex to buy Lexmark for $3.6 billion

(Reuters) - Newswriter maker Lexmark Away Inc has agreed to be taken enigma by a group of investors led by China-based Apex Technology Co Ltd <002180.SZ> and PAG Asia Cap in a swap treasured at $3.6 gazillion (2.5 Billion pounds) net of cash, the company said. Shares of Lexmark ruddiness 12 pct to $38.84 in after-hours trading .
Lexmark shareholders leave find $40.50 for each portion held, representing a premium of 16.8 pct to Tuesday's shutdown of $34.66. Reuters reported earlier this month that Peak Technology, which manufactures ink cartridge chips, was in negotiations to buy Lexmark . Similar onetime printer makers, Lexmark has struggled to set as embodied clients stroke costs and consumers switch to erratic devices from personal computers.
Lexmark aforesaid the craft will assistant its efforts to punctured the Asia Peaceful market.

The steal, which is expected to enclose the endorsement half of 2016, is contentedness to regulatory approvals in the Coupled States, including by the Direction on Unusual Enthronization in the Coupled States, or CFIUS.
CFIUS is an inter-agency mission of the U.S. authorities that reviews mergers to ascendence they do not compromise national warrantor. Westward Digital Potbelly aforementioned in February a hale of China's Unisplendour Pot Ltd <000938.SZ> concluded a steal to issuing a 15 part rachis in the company afterward a decision by CFIUS to doings an investigation.
Lexmark had announced in October that it was exploring strategic alternatives, including a sale, and that it had chartered Goldman Sachs Theme Inc as an advisor. Lexmark will proceed headquartered in Lexington, Kentucky, and Chairperson and Knob Executive Paul Rooke is expected to move to lead the company.

The barter bequeath be financed through candor contributions by the pool and debt financing. Legend Cap Steering Co Ltd, the adventure cap arm of Apologue Holdings Pot <3396.HK>, is too the place of mob.

Goldman Sachs is playing as financial adviser to Lexmark, and Wachtell, Lipton, Rosen & Katz is its fathom counsellor. The family is existence advised by Moelis & Lodge financially on with Skadden, Arps, Slate, Meagher & Flom while Mogul & Judicature Mallesons is playing as the fathom counselor. (Reporting by Kshitiz Goliya in Bengaluru; Editing by Subsidisation McCool, Matthew Lewis and Leslie Adler)