LEXINGTON, Ky., Sept. 8, 2014 — Lexmark International, Inc. 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.
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
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.
Settlement for the shares tendered prior to the Sept. 4 expiration date of Lexmark’s tender offer is expected to begin around Sept. 11.
“ReadSoft is a strong strategic fit for Lexmark, enabling Perceptive Software to significantly grow its software presence with additional document process automation capabilities and expand its footprint in Europe,” said Paul Rooke, Lexmark chairman and chief executive officer. “We are pleased with the results from the offer and we can now look forward to taking the next steps toward integration of the company.”
Lexmark is uniquely focused on connecting unstructured printed and digital information across enterprises with the processes, applications and people that need it most. For more information, please visit www.lexmark.com.