Xerox to Acquire Printer Maker Lexmark from Chinese Owners

According to reports, Xerox Holdings (XRX.O) is nearing a deal that values printer and printing software manufacturer Lexmark International at $1.5 billion, including debt. The report notes that an announcement regarding the acquisition of Lexmark is expected to be made on Monday morning. It is expected that Xerox will finance the deal through a combination of its available cash and committed debt financing.