Sector Update: Tech

MT Newswires02:39

US Equity Indexes Mixed in Midday Trading

MT Newswires01:21

Xerox (XRX.US) plans to spend 1.5 billion dollars to acquire the printer manufacturer Lexmark.

On Monday, the office equipment manufacturer Xerox (XRX.US) announced that it will acquire printer and printing software manufacturer Lexmark International for $1.5 billion to enhance its core Business. Xerox's stock price rose by 7%. This acquisition from Ninestar Corporation, TA Associates, and Shanghai Chao Da Investment Center allows Lexmark to regain American ownership. Lexmark was founded by IBM (IBM.US) in 1991 and was sold to Chinese investors in a $3.6 billion Trade in 2016.

AASTOCKS01:12

Top Midday Stories: Nordstrom to Be Taken Private by Founding Family, Mexican Retailer; Honda, Nissan Sign Merger MOU

MT Newswires00:43

Xerox-Lexmark, Novo Nordisk, News Corp: 3 Stories in Focus

Yahoo FinanceDec 23 23:25

Xerox Shares Gain on Lexmark Acquisition

WSJDec 23 23:18