The company that owns lexmark is in trouble so it makes sense
I can tell you that Xerox and Lexmark have announced previous partnerships, where Xerox will provide financing for selected Lexmark Managed Print Services (MPS) engagements. This is part of Xerox’s new global payments solutions business, Xerox Financial Services (XFS), which aims to finance both Xerox and third-party workplace technology needs. Xerox and Lexmark have not disclosed any details about the terms or the scope of their partnership, nor have they indicated any intention to merge or acquire each other. Therefore, the rumor that Xerox is going to buy Lexmark by the end of Q1 is unsubstantiated and speculative at this point.-- anyone here anything
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I was there when Xerox was boasting how they were the number 1 supplier to the graphic arts market segment. A segment we provided significant financial leasing to. Well then it came out that the graphics arts base is the number 1 market segment that defaults on paying its leases... Xerox had to turn over there financing program to GE to get out from under the loss. I guess history repeats itself.
Makes absolutely no sense in today’s
marketplace …. Where is the sanity in this company ?
Just what xerox needs …
Layoffs , more layoffs , offshore everything , and now go buy an org that is openly using child slave labor to manufacture its product. Things are looking up.
2 more rumors. Xerox doesn’t have 2 sticks to rub together. The Uyghurs at Ninestar are forming a union for 5% more gruel and unregulated access to social media.
BOMBSHELL RUMOR: Xerox to Buy Out Lexmark by End of 1st Quarter 2024???
https://tonernews.com/forums/topic/bombshell-rumor-xerox-to-buy-out-lexmark-by-end-of-1st-quarter-2024/
Someone better buy somebody or something is got to go outta business cause the market is sha-rinking!
How many Uyghurs does Ninestar kick into the deal? Forced labour really helps the bottom line; very attractive. Watch out Sanjay! What would xerox even buy lexmark with? Tired of this rumor and xerox in general. Company is a totally irrelevant zombie and should be liquidated asap and what meager value remains should be fed to the shareholders.
I question it for same reason....Just s rumor
They are integrated a different points already and all three companies are desperate. Ninestar Lexmark Xerox. Lexmark needs to get out from the Chinese umbrella if it wants to survive. Ninestar is hemorrhaging cash and Xerox's problems are well known
X is struggling for cash, how are they supposed to fund this acquisition? They've only signed a $500M debt to buyback uncle Carl's shares, I see no entity borrowing X more money...still they have to pay 3500 emp their severance by end of Q1