U.S. stocks are moving differently | Xerox shares rise over 10% as it will acquire Lexmark for $1.5 billion.

On December 23, Glonghui reported that Xerox in the USA (XRX.US) rose over 10%, trading at $9.25. In the news, Xerox announced that it would acquire Lexmark International for $1.5 billion. This Trade involves Ninestar Corporation, TA Associates Asia Capital, and Shanghai Shouda Investment Center. Xerox expects to achieve over $0.2 billion in cost synergies within two years after the Trade is completed. To support this Global Strategy initiative, the Xerox Board of Directors has decided to reduce the annual dividend from $1 per share to $0.50. (Glonghui)

Gelonghui Finance18minutes ago

Express News | Ninestar Says the Arbitration Will Not Affect the Sale of Lexmark International to Xerox

Breakings54minutes ago

Express News | Ninestar Says Arbitration Requests Co to Pay No Less Than $689.0 Mln to Pag Asia Capital Lexmark

Breakings54minutes ago

Express News | Ninestar Says Pag Asia Capital Lexmark Files Arbitration Against Co in Hong Kong

Breakings54minutes ago

Sector Update: Tech Stocks Steady Premarket Monday

MT Newswires58minutes ago

Xerox to Buy Lexmark. Yes, They Still Exist. -- Barrons.com

Barron's21:55