Lexmark Ups Offer for ReadSoft Shares

[Anonymous]

Lexmark Ups Offer for ReadSoft Shares
By Gulli Arnason

Lexmark International, Inc. said it will increase its cash tender offer price for all of the outstanding shares of Sweden-based ReadSoft .

The revised cash offer is SEK 43.00, a 7.4 percent increase from Lexmark´s original offer of SEK 40.05, for each class A and class B share of ReadSoft for a price of approximately USD194m, net of cash acquired.

Lexmark made the decision to increase its tender offer price in response to a competitive offer for ReadSoft shares. Pursuant to the transaction agreement, ReadSoft´s board of directors has agreed to continue to recommend in favor of Lexmark´s revised tender offer. In addition, ReadSoft´s two largest shareholders continue to support Lexmark´s revised tender offer.

In connection with the increased tender offer price, Lexmark will extend the offer period for ReadSoft shareholders to tender their shares to on or about July 14, 2014. Settlement of the tender offer is expected to occur shortly after the end of the offer period.

Lexmark is uniquely focused on connecting unstructured printed and digital information across enterprises with the processes, applications and people that need it most.

Lexmark Ups Offer for ReadSoft Shares
By Gulli Arnason

Lexmark International, Inc. said it will increase its cash tender offer price for all of the outstanding shares of Sweden-based ReadSoft .

The revised cash offer is SEK 43.00, a 7.4 percent increase from Lexmark´s original offer of SEK 40.05, for each class A and class B share of ReadSoft for a price of approximately USD194m, net of cash acquired.

Lexmark made the decision to increase its tender offer price in response to a competitive offer for ReadSoft shares. Pursuant to the transaction agreement, ReadSoft´s board of directors has agreed to continue to recommend in favor of Lexmark´s revised tender offer. In addition, ReadSoft´s two largest shareholders continue to support Lexmark´s revised tender offer.

In connection with the increased tender offer price, Lexmark will extend the offer period for ReadSoft shareholders to tender their shares to on or about July 14, 2014. Settlement of the tender offer is expected to occur shortly after the end of the offer period.

Lexmark is uniquely focused on connecting unstructured printed and digital information across enterprises with the processes, applications and people that need it most.

[Author]

June 24, 2014 at 12:36 PM